Bitcoin has dropped more than 10% in the last three days, hitting below $42,000 for the first time since September.
Bitcoin continued its decline on Thursday, seeing below $42 thousand for the first time since September. Bitcoin, the crypto money with the largest transaction volume, saw a decrease of close to 5 percent to $ 41,8.
Thus, Bitcoin recorded a 40 percent decrease from the $ 69 thousand peak it saw in November. Ether, the second-largest cryptocurrency, fell 8.3 percent to $3,143, the lowest level since September 30.
Bitcoin has been trading between its 200-day moving average and the $45,600 level for seven days in a row. Cryptocurrency, which was at $ 46 thousand 400 on Wednesday evening, decreased by more than 5 percent to around $ 43 thousand.
On the night of December 4, when Bitcoin dropped by nearly 20 percent overnight, the lowest level was $ 42 thousand 296. Bitcoin, which experienced its biggest daily drop on the night of December 4, then closed the day around 48 thousand dollars.