The cryptocurrency Bitcoin continues to fall in price: the bitcoin rate has fallen below the $40,000 mark. Although a couple of days ago, it was worth about $43,000. Over the past 24 hours Bitcoin has fallen in price by 12.5%, for the week the decline was 31%.
According to CoinMarketCap, bitcoin’s share of the cryptocurrency market has fallen below 40% for the first time since June 2018. At the time of publication of this post, the cryptocurrency exchange rate is $39,614 and continues to decline.
Bitcoin’s fall began last week when Tesla CEO Elon Musk publicly changed his attitude toward cryptocurrency, stating that the company had stopped accepting Bitcoin as payment for its electric cars. The official reason is concern about its environmental impact.
Along with the main cryptocurrency of the world, other currencies continue to fall in price. Ethereum has fallen to $2,950, also down 31% in the last 7 days. Dogecoin fell by 18% over the week to $0.4, Bitcoin Cash collapsed by almost 40% to $943.