At night, the price of bitcoin began to fall rapidly, dropping to $17908 at the time.
Over the past 24 hours, the BTC rate has dropped by5.24%, having lost almost $1,200 from yesterday's level of $19,130. The last time the cryptocurrency fell so rapidly was on December 1 after reaching a new record of $19,865.
According to analysts, the current declinemainly due to the actions of Bitcoin whales, which continue to sell off their reserves of digital assets. The price increase of 80% over the last 2 months, and trading at levels close to all-time highs arestrong temptations for profit-taking.
There is also a decrease in interest frombuyers after the publication of a Citibank report, which said that the current craze for Bitcoin among large investors is excessive and associated with significant risks.
In the short term, analysts predict a further decline with the possibility of drawdown up to $16.4 thousand.
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