Bitcoin fell below $ 9,000

The price of bitcoin has reached a 20-day low.

The fall of bitcoin began on March 7, when the price of cryptocurrency number one fell by almost a thousand dollars in less than an hour. This happened in the Wake of rumors about the hacking of the largest cryptocurrency exchange Binance. Despite the fact that the exchange was able to successfully cope with the incident without losing user funds, the price could not recover to the previous level, and on March 8 the fall continued.

In the morning of March 9 for five hours the price dropped by another thousand dollars from 9500 US dollars to 8520 US dollars. After that, the price recovered slightly and at the moment bitcoin is trading at the level of 8741 US dollars.

The price of bitcoin has reached a 20-day low.

At the same time, according to CoinMarketCap, the capitalization of the cryptocurrency market also recorded a monthly minimum of 352 billion dollars, a fall of 47 percent compared to the recent high of 518 billion dollars, which was observed on February 18.

the capitalization of the cryptocurrency market also recorded a monthly minimum of $ 352 billion

20 top cryptocurrencies are experiencing a significant decline in trading volume.