Cryptocurrency prices are under pressure and continue to lose ground.

In early December, the price of Bitcoin fell and fell from about $ 57,000 to $ 46,500 in one day.

Since then, digital currency has not really been able to recover.

On December 27, Bitcoin rose again to almost US $ 52,000, but fell sharply in recent days.

Bitcoin is currently worth about $ 46,500.

Ethereum also on the downside

For other important digital currencies like Ethereum, the price change has seemed similar in recent days.

On Monday, Ethereum was worth more than $ 4,100.

The second largest digital currency is currently trading at around $ 3600.

An exact reason for the sudden drop in rates of the two largest digital currencies was not apparent.

Traders explained price fluctuations with currently less liquid markets before the end of the year.

Increases in the past year

On November 10, Bitcoin reached its previous record price of just over $ 68,000.

Bitcoin started 2021 with about $ 29,400.

On January 1 this year, Ethereum was worth $ 730.

In November, the second largest cryptocurrency reached about US $ 4,800.

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Telegraphy

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