Bitcoin price drops by 10%

Bitcoin on November 16 afternoon fell in price by more than 10%, the price of cryptocurrency for the first time since October 28 fell below the psychological mark of $60,000, Report informs.

On Binance, the biggest exchange in terms of cryptocurrency sale, Bitcoin became cheaper by 10.35% during the day to $59,100. According to the CoinMarketCap website, which calculates the average price for more than 20 exchanges, Bitcoin has fallen in price over the past day by 10.04% to $59,200.

The price of the cryptocurrency fell below $60,000 for the first time since October 28. Since the beginning of the week, Bitcoin has lost more than 7% of its value. At the same time, last week Bitcoin reached a new all-time high of $69,000.

Since the beginning of November, Bitcoin has lost more than 2% of its value in total. At the same time, in October, the cryptocurrency rose in price by about 40%. This was the strongest monthly gain since December 2020.