Bitcoin Falls for 12 Consecutive Days... Plummets to $17,000 Level

[Photo by Reuters]

[Asia Economy Reporter Byunghee Park] Bitcoin prices have plummeted to the $17,000 level.

According to cryptocurrency information site Coindesk, as of 6:13 AM KST on the 19th, Bitcoin prices have dropped 13.1% compared to 24 hours ago, recording $17,917.43. The lowest price within 24 hours is $17,601.58.

Bloomberg reported that Bitcoin prices have fallen for 12 consecutive days, dropping more than 70% from the all-time high recorded in early November last year.

Other cryptocurrencies also plunged simultaneously.

Ethereum, ranked second in market capitalization, fell below the $1,000 mark. Ethereum prices recorded $905.04, down 17.2% compared to 24 hours ago. The $900 level was previously broken, and the 24-hour low is $880.93.

Ethereum prices have also dropped more than 70% compared to the all-time high in early November last year.

Additionally, altcoins such as Cardano, Solana, Dogecoin, and Polkadot plunged 8 to 12% compared to 24 hours ago.

This content was produced with the assistance of AI translation services.