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Bitcoin price drops heavily

Price Bitcoin this morning April 18 at $38,900, down 3.43% in 24 hours and said to be at a one-month low.

By 1:40 p.m. on April 18 (Vietnam time), the Bitcoin price had slightly increased again at $ 39,000, but still decreased by 3.31% in 24 hours and decreased by 7.7% within 1 week, according to the website. Coinmarketcap.

The decrease in the price of Bitcoin also pulls the price of some digital currency other decrease. In which, the price of Ethereum (ETH) dropped 3.93% in 24 hours, down to $ 2,900, as of 13 hours 40 minutes on April 18. Other coins like BNB, XRP, Cardano ADA, Terra LUNA also fell from 3.6-6.7% in 24 hours.

Bitcoin price drops sharply - photo 1

Bitcoin price falls again

Bloomberg

In the last week, when the price Bitcoin fell below $40,000, strong buying appeared, pushing the price of this currency to $41,000, but fell again today.

Experts believe that the situation of the price of Bitcoin and many other digital currencies falling deeply is due to many countries tightening policy currency, increase interest rates.

Earlier on January 22, A series of digital currencies plummeted. At that time, the Bitcoin price dropped by nearly 9% to $35,764 and fell by nearly 17% within a week, marking the lowest level of this digital currency in the previous 6 months.

Compared to the record price of more than 69,000 USD achieved in the first half of November 2021, each Bitcoin has now evaporated by nearly 50%.

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