Bitcoin continued to fall overnight, before starting a slow return on Saturday morning, briefly fell below $35,000 to a low of $34,420 on CoinMarketCap.
According to CMC, it has still dropped by almost 10% in the last 24 hours and is presently priced at less than $35,000.
The 24-hour low of Bitcoin at $34,020.27 pushed the cryptocurrency to levels not previously reached for six months in July 2021.
After reaching the highest level in history on November 10 last year of $69,000, the price of bitcoin fell slowly, and increased its sales in recent weeks.
And this is not just about Bitcoin. Ethereum, the second-largest digital currency in terms of market value, is also suffering: its price has dropped by 15% in the last 24 hours and at the time of writing this article is trading at less than $2,400.
Ethereum, like Bitcoin, is well above its all-time high of $4,878.26 in November, by 49 percent. Popular tokens running on the ETH network have not been able to stop selling in the last 24 hours.
Shiba Inu, the 16th largest digital asset in terms of market value, fell more than 24 percent yesterday, while Chainlink, another leading ERC20 token, fell more than 20 percent in the past 24 hours. And is traded for about $15.
At the same time, Ethereum’s rival Solana, which boomed the previous year, and apparently emerged from the top 10 digital currencies in terms of market value, fell 23 percent yesterday, to less than $94.