# After a catastrophic drop

By [tingfeng](https://paragraph.com/@tingfeng) · 2021-12-13

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Bitcoin price in the past week has been constantly fluctuating around the threshold of 47,000 – 52,000 USD. The price of many other cryptocurrencies also fluctuates with the price of Bitcoin.

  

After suddenly dropping very sharply, from nearly 52,000 USD to 47,000 USD, Bitcoin price this morning (December 12) has shown signs of recovery, currently trading at $49,000. The price of many other cryptocurrencies also increased, the market was flooded with hope. According to CoinDesk data at 8:12 am today (December 12, Vietnam time), the world’s largest cryptocurrency was traded at 49,439.35 USD/dong, up 3.2% compared to yesterday. . In the last 24 hours, the highest price of Bitcoin reached 49,697.9 USD, the lowest was at 47,827.94 USD. According to CoinGecko data, Bitcoin trading volume over the past 24 hours is over $23 billion. Despite recovering, the market capitalization of the world’s largest digital currency has not been able to regain the $1 trillion mark. The Bitcoin market capitalization in the early hours of this morning stood at over $932 billion.

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*Originally published on [tingfeng](https://paragraph.com/@tingfeng/after-a-catastrophic-drop)*