Bitcoin began the week on a down note Monday (Sept. 20), with the digital currency’s price falling as much as 10% at one point during the day. It was down 9.09% as of 3 p.m. Eastern time Monday.
The price of bitcoin was at $47,700 Sunday afternoon (Sept. 19) and had fallen to $42,628 at 8:38 a.m. Eastern time Monday.
That’s still higher than bitcoin’s 52-week low of $10,141. The crypto reached its 52-week high with a price of $64,888 in April.
Ethereum’s price experienced a similar drop from $3,372 Sunday afternoon to $2,944 Monday morning. The blockchain platform was down 10% as of 3 p.m. Eastern time Monday.
The price drop comes just days after a series of stories showing bitcoin’s tenacity. For example, there’s the news that El Salvador now has the world’s third-largest network of cryptocurrency ATMs, which adds to 70% of all Central American crypto ATMs. SOURCE https://www.pymnts.com/blockchain/bitcoin/2021/bitcoin-price-falls-10-percent-24-hours/