Bitcoin course collapsed

The drop in the cryptocurrency market has accelerated on Thursday, Bitcoin’s exchange rate has decreased to a minimum since December 2020, Interfax reports.

According to Coindesk, the cryptocurrency rate fell during trading to $ 25400. By 12:10 he bounced to $ 27713.

As the Dow Jone data evidenced, Bitcoin was cheaper during the last seven sessions, which is the longest period of continuous decline since March 2020. This week, Bitcoin’s course decreased by 24%, and his fall from the peak level marked in November last year already exceeded 50%. Analyst Avatrade to a nam Aslam believes that the next level of support for Bitcoin is $ 25,000.