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.
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.