Bitcoin’s price fell below $59,000, experiencing a 4% decline over the past 24 hours.
As of 0750 GMT, Bitcoin is currently trading around $58,200, with its market capitalization dropping to $1.15 trillion.
In the last 24-hour period, Bitcoin’s trading volume amounted to approximately $35 billion.
Last week, Bitcoin surpassed $63,000, having reached over $70,000 in June.
Etherium also saw a 5% decrease, dropping to $3,180 within the last 24 hours.
The total cryptocurrency market, including Bitcoin, contracted by 4.3% to $2.16 trillion, based on data from Coinmarketcap, a digital asset price-tracking website.
