The prices of major cryptocurrencies fell sharply all at once.
According to CoinDesk, a cryptocurrency information site, as of 6:30 am on the 21st, the price of Bitcoin was traded at $43,716.78, down 7.87% from 24 hours ago.
Bitcoin’s market capitalization also fell to $822.7 billion.
CNBC, an American economic media outlet, reported that the price of Bitcoin fell by as much as 10% at one point.
CNBC analyzed that the price of Bitcoin fell sharply as investors began to hedge their risk amid a contraction in the global asset market.
Ethereum, the second largest after Bitcoin, also fell to $333.42 at the same time, down 9.34% compared to 24 hours ago.
Until the beginning of this month, Bitcoin traded above $50,000 per coin, considered a psychological barrier.