Bitcoin rate fell below $49 thousand
The rate of the first cryptocurrency fell to $48.8 thousand, over the past 24 hours, the asset has fallen by 4%.
Wednesday afternoon, the bitcoin rate on the cryptocurrency exchange Binance again fell below $50 thousand. At the moment, the price of the asset was falling to $48.8 thousand. As of 14:10, the cryptocurrency is trading at $49.1 thousand, for the last 24 hours its price decreased by 4%.
In the evening of December 7, bitcoin rate came close to the mark of $52 thousand, but could not overcome it, after which it began to decline. The price of the cryptocurrency remains unstable after it fell 20% on Saturday night, to a low of $42,000 since the end of September.
Large holders are known to continue buying the asset. On December 7, one of the largest bitcoin addresses added 2.7 thousand coins worth $137 million. It now holds 118 thousand bitcoins, which are valued at nearly $6 billion.
Earlier, trader Ton Weiss was positive about bitcoin’s near-term prospects. According to Weiss, in the near future the cryptocurrency will return to the “bullish” growth, which will require it to consolidate above $53.5 thousand, the trader says that after the collapse to $42 thousand the asset has more chances to reach a new historic maximum this year.
