Bitcoin depreciates by almost 10%

The value of bitcoin falls on Sunday by almost 10% and falls below $37,000, according to trading data.

According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, as of 23.45 Moscow time, the cost of bitcoin fell by 9.75%, to $ 36,933.

On Binance, the largest cryptocurrency exchange by volume, bitcoin drops by about 7.5% to $37,500.

On Friday, the cryptocurrency surpassed $41,000 for the first time and hit a new all-time high of $41,057.

Bitcoin accounts for approximately 69.8% of the total global cryptocurrency market.

Bitcoin soared in value in the second half of December. The cryptocurrency surpassed its all-time high of $20,042 since 2017 on December 16 and has been breaking records ever since.

During the trading on Thursday, the bitcoin price consistently updated several historical highs, rising from 36 thousand dollars to 40.3 thousand per day.