As the cryptocurrency market continues to fall, the value of Bitcoin on Saturday renewed its low from last July. At 1:12 p.m. Moscow time, the price for Bitcoin was $34,161,000, the level of last July.
According to CoinDesk, at the time of publication of this article, the value of the largest by capitalization cryptocurrency is $35.76 thousand – for the day it has fallen by more than 6.3%.
Relative to the historical high of $68,99 thousand set last November, the main digital currency has lost about 48%.
Ethereum, the second most capitalized cryptocurrency, dropped in price by 10.4%, and now its value is $2.49 thousand. Most other altcoins also continue to fall. The daily difference averages between 6% and 20%.
Earlier, the founder of Telegram Pavel Durov said that a possible ban on cryptocurrencies in Russia will lead to an outflow of IT professionals from the country.