Bitcoin continued to drop this weekend after a broader stock sell-off in the U.S. last week sent the cryptocurrency market into a frenzy and prompted bitcoin to plummet by roughly 10%.
The world’s largest digital currency by market value declined to $34,661.02 on Sunday, according to Coin Metrics.
The drop comes after the blue-chip Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq fell 5%, losses that marked the worst single-day drops since 2020.