Bitcoin tumbles 10% off its peak in less than a week to trade at $65,300. Check details here
Live MintIn the past less than a week, bitcoin has dropped over 10 percent from its all time high of $73,083 it hit on March 13 at trade at $65,300 in the early hours on Sunday. Swissblock, a digital asset analytics firm, in a note on Wednesday said that bitcoin has risen almost double in price from $38,000 in late January without any big reason, and therefore a cooling period is imperative. Date Closing price March 11 72,123 March 12 71,481 March 13 73,083 March 14 71,396 March 15 69,403 March 16 65,315 Highest price level It is worth recalling that Bitcoin, the oldest cryptocurrency, had hit $73,000 on March 13 to become the eighth largest asset worldwide by market capitalisation, outpacing silver after the CPI data release. The momentum of price jump was built after the US markets regulator Securities and Exchange Commission cleared spot bitcoin ETFs.