The price of “Bitcoin” fell yesterday, heading towards recording the worst weekly performance since November, after the collapse of the “Silvergate” bank sparked a crisis of confidence in the industry, along with concerns about raising US interest rates.
Bitcoin fell by 0.68%, at $19,955.25, during trading, according to CoinPass data, to trade below $20,000 for the first time since January. The virtual currency is the largest in the world by market value, down 12% over the past week, in the largest weekly decline since last November. Ethereum also fell 0.22% to $1,410.89, while ripple rose 0.58% at 37.03 cents.
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