Bitcoin Takes a Blow as Price Drops 5%
Bitcoin, the world's most valuable cryptocurrency, faced a significant downturn on Wednesday night, dropping 5% to $84,201. The decline was recorded at 21:56 GMT, according to Reuters.
In contrast, Ethereum (Ether), the second-largest cryptocurrency, showed a positive trend. As of 22:06 GMT, Ether's price had risen by 1.58%.
Market analysts attribute Bitcoin's decline to recent market volatility and investors capitalizing on their gains.
