Bitcoin price drops 10% in 24 hours

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Bitcoin started the week on a negative note on Monday (September 20), as the price of digital currencies fell 10% at some point in the day. It was down 9.09% as of 3 p.m. Eastern time on Monday.

The price of bitcoin was $ 47,700 on Sunday afternoon (September 19) and had fallen to $ 42,628 on Monday at 8:38 a.m. EST.

That’s still higher than bitcoin, the 52-week low of $ 10,141. The crypto hit its highest level in 52 weeks with a price of $ 64,888 in April.

The price of Ethereums saw a similar drop, from $ 3,372 on Sunday afternoon to $ 2,944 on Monday morning. The blockchain platform was down 10% on Monday at 3 p.m. EST.

The price drop comes just days after a string of stories showing the tenacity of bitcoin. For example, there is the news that El Salvador now has the third largest cryptocurrency ATM network in the world, which represents 70% of all crypto ATMs in Central America.

Read more: Bitcoin Daily: Russia’s Central Bank to Delay Digital Asset Exchange Payments; Christies at NFT auction

The country topped the number of crypto ATMs in the UK after installing 205 new ATMs to boost local bitcoin transactions as well as conversions between BTC and US dollars.

Then there’s Magnum Real Estate, which will work with the first real estate opportunity paid in cryptocurrency by taking payment for a three-store retail condominium space in bitcoin.

Finally, there is the news that AMC theaters will start accepting bitcoin, ether, bitcoin cash, and litecoin for ticket purchases as they see digital currencies rise in popularity.

See more: Chivo Bitcoin ATMs are coming to 10 US cities in El Salvador; India’s latest SBI bank to ban payments on crypto exchanges

AMC previously said it would only take bitcoin, but will now begin to expand its choices.

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASING JOURNEY – SEPTEMBER 2021

By the way: 80% of consumers want to use non-traditional payment options like self-service, but only 35% were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a collaboration between PYMNTS and Toshiba, analyzes over 2,500 responses to find out how merchants can address uptime and perception issues to meet the demand for open kiosks -service.

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