Bitcoin continues its protracted decline: the cryptocurrency has fallen below $30 per unit. According to the Binance exchange, the price of bitcoin reached a bottom of $29563. The last time such a low rate was last year.
The highest price of bitcoin for all time was in mid-April of this year, when the cryptocurrency cost almost $65 thousand. Relative to that price, bitcoin has now fallen by approximately 55%.
Other cryptocurrencies are also losing value: "Ether" fell to $2300, Binance Coin — to $320, and Dogecoin is trading at the level of 0,31 cents.
The fall in the value of bitcoin is associated with Tesla's announcement to stop accepting cryptocurrency as payment for the company's electric cars. Elon Musk explained this by concern for the environment: mining and transaction of bitcoins requires energy, which is produced from fossil sources. The second reason for the collapse was the ban on bitcoin operations by the Chinese authorities.
