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Home / News / Cryptocurrency

Bitcoin prices see highest fall since March after new year rally

Cryptocurrency

Bitcoin prices see highest fall since March after new year rally

Bloomberg Published on Tue, Jan 05, 2021 / 11:08 AM GMT+8 / Updated 2 days ago

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Bitcoin fizzled in Monday trading as the famously volatile cryptocurrency pulled back after a spectacular new-year rally.

Prices fell as much as 17% in the biggest drop since March before recovering. The losses are small in the context of Bitcoin’s broader rally, with a 50% jump in December alone. After a parabolic 2020, the digital currency had started the new year with a bang, surging as high as US$34,000 ($44,831.60) and hitting all-time highs on Sunday.

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