A sharp decline in the price of cryptocurrencies, especially Bitcoin
A sharp decline in the price of cryptocurrencies, especially Bitcoin Bitcoin drops to 31,000 according to THE WALL STREET JOURNAL For the second week in a row, cryptocurrencies are declining, and its repercussions on the stock market The world's largest cryptocurrency , Bitcoin , fell to $31,075.70 late Monday, down 10% from 5pm Sunday. EDT, as per CoinDesk pricing. Bitcoin's price is down 54% from its all-time high of $67,802 in November. It's on course for the worst five-day stretch since the five days that ended March 16, 2020, when it fell nearly 38%. Ethereum , the second-largest cryptocurrency , fell to $2,286.10 on Monday, almost 10% below Sunday night's price. Bitcoin and Cryptocurrencies Bitcoin , and cryptocurrencies more broadly, are notorious for their violent price swings. Individual investors controlled the market for years, but institutional investors like hedge funds and money managers began to dominate. The stock market The stock market fell