The bitcoin exchange rate has collapsed

The bitcoin exchange rate has fallen below 21 thousand dollars, the Bitcoin exchange rate:

During trading on Tuesday, September 13, the bitcoin exchange rate fell below the mark of 21 thousand dollars per coin. This is evidenced by the data of the CoinGecko crypto exchange.

In general, since the beginning of August, when bitcoin was trading at the level of 24 thousand dollars, the cryptocurrency has fallen in price by 16 percent. By 19:00 Moscow time, it was worth 20.84 thousand dollars, having lost 5.8 percent per day. Following bitcoin, the rates of other cryptocurrencies also went down: the price of Ethereum in 24 hours decreased by 7.7 percent, to $ 1.59 thousand, Binance Coin fell by 4.1 percent, to $ 283, and the cost of Cardano fell by 7.8 percent, to $ 0.46.

Bitcoin from TradingView

The rally in the crypto market was triggered by new data on inflation in the United States. Analysts had expected inflation in the United States to slow by 0.1 percent in August, but prices, on the contrary, rose by 0.1 percent. On an annualized basis, inflation was 8.3 percent, significantly higher than forecast.