Bitcoin fell by about 20% in the past week – Forex

Last week, bitcoin ended the biggest weekly drop this year. According to Market/Watch, during the week its rate decreased by almost 20% to less than 8 thousand dollars. The losses of this cryptocurrency at the end of the three months amounted to 34%. However, its rate increased by 115% from January this year to the end of September. The value of bitcoin rose above $10,000 in July, the first time since January last year. Analysts estimate that the latest decline was caused by technical and fundamental factors. On Monday, the price of bitcoin fell below $8,000 during trading. According to The Data of CoinDesk, the cryptocurrency rate fell by 2.8% compared to the previous day to 7 thousand 796.43 dollars. According to economists, the price of bitcoin in the near future will not fall below 7 thousand dollars.