The cost of the first cryptocurrency fell to $35.5 thousand. Over the past day, it has decreased by 8%.
On the evening of May 5, the bitcoin rate updated the minimum since February 24 at around $35.5 thousand. Then the price of the cryptocurrency won back part of the losses. As of May 6, 9:30 Moscow time, the asset is trading at $36.4 thousand, over the past day it has fallen in price by 8%.
The capitalization of bitcoin has fallen below $700 billion. Currently, the total value of the first cryptocurrency is $694 billion with daily trading volumes of $37.5 billion and a market share of 39.3%, according to CoinGecko.
Following bitcoin, the largest altcoins also fell in price. The price of Ethereum fell by 6.3% to $2.7 thousand, and the rate of Binance Coin fell by 5.5% to $379. The overall market valuation fell 7% to $1.8 trillion.
Also yesterday there was a major decline in the US stock market. The NASDAQ Composite lost 4.99% (the biggest intraday drop since June 2020), and the S&P 500 lost 3.56%.
In the intertwining of bright yellow pipes emerging from the ground, Russian gas is transported in abundance but Bulgaria, sanctioned by Moscow for having refused to pay in rubles, is now prohibited from touching it.