The bitcoin exchange rate has dropped to $45 000
The collapse came amid the uncertainty caused by the COVID-19 Omicron strain and the growing dissatisfaction with the Federal Reserve System
04.12.2021 - 08:30
399
1 min
0
What’s new? On the morning of December 4, the price of bitcoin fell heavily. The rate dipped to nearly $42 000 at the moment before rebounding to $47 000. Ethereum was down about $1100. At the time of writing, bitcoin is trading just above the $47 000 mark, according to the CoinGecko data.
What caused the decline in the rate? The collapse came amid the uncertainty caused by the COVID-19 Omicron variant and the growing dissatisfaction with the Federal Reserve System (FRS) over the high inflation. The selling on the spot market drove cryptocurrencies lower and then triggered huge stop losses in the derivatives markets.
What other assets have lost value? Some cryptocurrencies have fallen by more than 20% in the last 24 hours namely Polkadot, XRP, Cardano, Dogecoin. According to CoinGecko, the total market volume now stands at around $2 trillion. The drop in the prices resulted in about $600 million worth of bitcoin futures positions being closed in less than an hour.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$77 931
BTC
+0.77%
-
Ethereum
$2 267.78
ETH
+1.12%
-
BNB Smart Chain
$712.5
BSC
+1.27%
-
Ripple
$1.42
XRP
+1.04%
-
TRON
$0.310516
TRX
-2.44%
-
Zcash
$1 242.32
ZEC
-2.37%
-
Dogecoin
$0.075794
DOGE
+0.96%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Bitcoin Cash
$282.76
BCH
-2.07%