Bitcoin sharply accelerated its fall on Monday afternoon, as a result of which the value of the most popular cryptocurrency went below the psychological mark of $50 thousand, according to trading data.

On the Binance exchange, the largest cryptocurrency exchange in terms of trading volume, bitcoin fell in price by 12.38% – to 49.9 thousand dollars. According to the CoinMarketCap portal, which calculates the average price for more than 20 exchanges, bitcoin fell in price by 13.45% – to 49.5 thousand dollars. The dynamics are given everywhere in a day.

Earlier, the price of the most popular cryptocurrency fell by 16%, dropping as much as 47.6 thousand dollars.

On Sunday, the cost of bitcoin broke another historical record of 58 thousand dollars. The maximum cryptocurrency reached $58,352.8. And the psychological bar of 50 thousand dollars, bitcoin first crossed the 16 February.

Bitcoin took off in December. On December 16, the cryptocurrency surpassed the then historical maximum of $20,042, which has been held since 2017, and since then has managed to exceed it almost three times.

After a pause, the active growth in the value of the cryptocurrency resumed on February 8 after the Tesla company, controlled by the entrepreneur Elon Musk, announced an investment in Bitcoin in the amount of $1.5 billion. After that, the value of Bitcoin surpassed the January maximum level of $41,950 and has continued to break records ever since.