Bitcoin declined to $33,454.57 on Sunday, according to Coin Metrics, following a major stock sell-off in the U.S. last week.
Highlights
- Bitcoin declined to $33,454.57 on Sunday, according to data from Coin Metrics.
- The drop comes after a major stock sell-off in the U.S.
- last week sent the cryptocurrency market into a frenzy.
- Bitcoin is now down 50% from its peak price of $67,802.30 in November 2021.
- The Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq plunged by 5% on Friday, marking the worst single-day drops since 2020.