Bitcoin’s market cap falls below $1 trillion for the 1st time since Oct

BTC is currently leading the market-wide price slump that has been ongoing for less than 24 hours now. From a 24-hour period spanning early Friday morning to early Saturday morning, bitcoin’s price went from about $57,000 to $47,000, losing $10,000, or more than 17%. The token currently exchanges hands for the price of about $49,200, 6.28% down from the price 24 hours ago.