The price of bitcoin has experienced a noticeable decline, returning to a level of about 42,000 dollars.
This decline comes a week after bitcoin reached its peak in late 2023, at USD 44,700 – the highest level for bitcoin in more than a year and a half.
But, since then, things have started to deteriorate.
Last Monday was a particularly bad day for bitcoin, as the price experienced a sharp decline of more than three thousand dollars, during which the price of bitcoin reached less than 41,000 dollars.
This negative trend continued on Tuesday, as the digital currency fell to weekly lows of USD 40,200.
Despite the attempts of bulls to raise the value of bitcoin, especially with the recent data of the US Consumer Price Index and the meeting of the Federal Open Market Committee, bitcoin could not regain its previous momentum and remained at a value of just over 42,000 dollars.
At the level of alternative digital currencies, most of them have also experienced a decline.
For example, the Solana coin (SOL) lost more than 6.5% of its value, while the Cardano (ADA) rate fell by a similar percentage but remained above 0.6 dollars.
Other currencies such as Ethereum, Ripple, link, dog and Binance also suffered minor losses.
