The price of Bitcoin, the world’s largest and most well-known cryptocurrency, dropped by 5% to $95,519 at 9:03 PM GMT on Monday, December 9. This marks a 7.1% decline from its all-time high of $103,647 reached on December 5, according to Reuters.
Such a decline in Bitcoin’s value raises concerns among investors, especially amid the current volatility in the cryptocurrency market.
Despite the recent drop, experts believe Bitcoin could soon reach a new all-time high. Since Trump’s victory, alternative currencies have seen remarkable growth, although they have recently faced significant downturns.
