Heavy losses in the cryptocurrency market – ‘Dive’ 5% Bitcoin

Bitcoin and other cryptocurrencies fell sharply on Tuesday, falling from record lows.

In particular, Bitcoin fell to $ 60,000 in the first trading of the day, to then recover part of the losses and now trade with a drop of 5% in 24 hours, close to $ 60,800, according to CoinDesk.

Ether slipped nearly 6% to $ 4,300, having previously lost as much as 8%.

The decline in the cryptocurrency market comes after a record rally in November.

Bitcoin hit a record high of $ 68,990.90 on November 10, while ether reached its highest price on November 11 at $ 4,865.57.

“I think we are seeing a healthy decline after a 7-week rally, which is normal,” Vijay Ayyar, head of the Asia-Pacific division of the Luno cryptocurrency exchange, told CNBC.

It is noted that today the National Development and Reform Commission (NDRC) in China announced that it will continue to “consolidate” the digital currency mining sector in the country.

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