Bitcoin plummets sharply, clinging to $ 48,000 level

Bitcoin plummets sharply, clinging to $ 48,000 level

Bitcoin, the best-known cryptocurrency, was clinging to the $ 48,000 level this Saturday after suffering a sharp fall of close to 16% in 24 hours, following the massive sales of the stock markets.

At 2:00 p.m. GMT, bitcoin was at $ 48,026 after falling below $ 46,000 in the early hours of the US, a far cry from the 56,000 it had when Friday’s trading began on Wall Street.

According to analysts, the recent movement of the virtual currency coincides with a greater rejection of risk assets generated by the identification of the omicron variant of the coronavirus, which has affected global markets this week.

Other cryptocurrencies such as Ethereum, the second most used virtual currency, have been dragged down, which lost the threshold of 3,500 dollars and now goes back to 4,000; and other popular ones like Doge, Solana or Shiba Inu.

The value of bitcoin today is 30% lower than the all-time high of $ 69,000 it reached in early November.

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