The bitcoin price has plummeted over the past 22 hours. According to the Coindesk exchange, since April 11, its price has dropped by almost 48,4%. At the time of this writing, one unit of cryptocurrency is worth $ XNUMX thousand.

At the moment, the cost dropped to $ 47,8 thousand. As RBC clarifies, this is the minimum cost of bitcoin over the past 48 days. Because of this, the total capitalization of the aforementioned cryptocurrency fell below a trillion dollars. Against the background of the fall in bitcoin, the price of most altcoins has decreased. Ethereum fell 11,1% and Monero fell 13,5%.

Presumably, the fall was due to the decline in stock markets. As a result of trading, the Dow Jones Index fell 0,9%, and the Nasdaq Composite – 0,7%. This happened after the publication of Bloomberg about Joe Biden’s plans to raise taxes for the rich.