Bitcoin's price falls below $45,000

Bitcoin's price has slid below $45,000, resulting in a nearly 15% drop in the last 24 hours.

Bitcoin was trading at around $52,000 yesterday and is currently changing hands at about $44,900.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Macro factors could be at play for the downfall. Other asset classes, including stocks and bonds, have also seen selloffs.

Bitcoin futures' open interest, an indicator of flows into the market, has fallen sharply over the last five sessions, from around $19.1 billion to $15.1 billion, according to data from tracker Bybt.com.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.