Bitcoin fell below $ 27,000 today, and the large-scale sale of cryptocurrency continues in full force, reports CNBC.

In early trading, bitcoin lost 8.76 percent to $ 26,848, according to Coin Metrics.

Another popular cryptocurrency, ether, fell 13 percent to $ 1,832.

The decline was influenced by yesterday's data from the Ministry of Labor that inflation in the United States remains high, although it is slowing down.

Does it make sense to invest in cryptocurrency?

Investors are in a hurry to get rid of risky assets, such as cryptocurrencies, analysts say.

According to them, if bitcoin fails to stabilize at a level of about 29-30,000 dollars, its free fall may continue for a long time, and recovery in the second half of the year is unlikely.