Bitcoin price fall over the weekend as investors cash out after an upsized rally in the cryptocurrency.
The price of the Bitcoin which is the largest digital currency fell by ~11% on Monday and was last seen trading at $10,900 in Asian Markets. Bitcoin is still around 200% up in this year. Other digital coins also saw a decline as Ethereum declined by 4.2% and Ripple by 5.1%.
Bitcoin previously was on the rise as Optimism regarding widespread adoption of Digital Currencies gained Momentum. Bitcoin was on a declining trend for most of 2018 and 2019. The current price level was last seen in 2018.