Just a week ago, the price of Bitcoin exceeded $40,000 per unit. The reason was the decision of US Federal Reserve officials to raise the key rate by 0.5% at once.
Last time such a strong growth in the dynamics of the American economy was recorded 20 years ago. Investors have begun to actively invest in cryptocurrency, so digital assets have noticeably increased in price. However, this weekend the situation has changed dramatically.
A few days ago, Bitcoin began to actively lose value, and as of Monday, May 9, its price varies around $34.7 thousand per coin. The minimum price fixed for several days was 33.4 thousand dollars apiece. During the day, there was a decrease in prices by 4%. Bitcoin is currently 50% below its November 2021 price of $67,800. Now, the capitalization of Bitcoin is about 660 billion dollars.
As for Ethereum, which fell after Bitcoin, its intensity of falling is 4.5% in the last 24 hours. Its minimum cost was $2,520 apiece. The cost of XRP has also noticeably decreased. It costs $0.57 apiece now, demonstrating a fall of 4.24%, Terra fell to $63.6 with an indicator of -13.41%, and Solana costs $78.27 with an index of -3.64%.
