Bitcoin price dropped below $47,000 On Saturday, December 4 | NFT Token

Bitcoin price dropped below $47,000

On Saturday, December 4, the price of the first cryptocurrency fell below the $47,000 mark. The drop over the past 24 hours was 16%, according to CoinGecko.

The price of bitcoin momentarily fell to the $42,000 level.

Ethereum has collapsed to $3500. As of this writing, the cryptocurrency is trading at $3800.

Other crypto-assets from the top 10 by capitalization except for Stablecoin also entered the red zone. Terra (LUNA) was in the top 10 for the first time.

In the bitcoin futures market, $961 million worth of positions were liquidated in the last 24 hours, and $342 million worth of positions were liquidated in an hour.

The cryptocurrency market capitalization fell to $2.28 trillion, the bitcoin figure is $898 billion, according to CoinGecko.

The Block analyst Larry Chermack recorded the liquidation of long positions worth $1.3 billion as digital gold fell to $42,000.

"First massive liquidation in a while," he wrote.