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Bitcoin shows its wild side once again, dropping $3,000 in minutes over weekend

by Editor December 11, 2023, 4:44 pm 1.1k Views

Bitcoin shows its wild side once again, dropping $3,000 in minutes over weekend

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year.

STR | Nurphoto via Getty Images

Bitcoin fell Monday as investors took profits after its December rally.

The price of the cryptocurrency was recently lower by about 5% at $41,557.62, according to Coinbase, after a big drop Sunday night that at one point took it as low as about $40,300. Bitcoin topped $44,000 last…

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