The value of Bitcoin during the morning trading session fell by 11.08% and fell to $53,868, according to data from the Binance platform, as cited by Focus.
At 04:31 Bulgarian time, Bitcoin slightly slowed its decline, with its price at $54,084 (-10.66%).
Last week, the value of Bitcoin reached $69,462, representing a 2.6% increase over the previous period. This was its highest level since mid-June, after US Republican presidential candidate Donald Trump gave a speech in support of cryptocurrencies. In addition, expectations of a cut in interest rates by the US Federal Reserve boosted investor sentiment, Bloomberg explained.