Etheruem, the second largest cryptocurrency, has also seen a decline in value over the last 24 hours, as have other popular coins such as Dogecoin, Cardano, and XRP.
El Salvador has passed a resolution legalizing Bitcoin, making it the first country to do so. Citizens will be able to use Bitcoin for a variety of purposes
An ally of imprisoned Kremlin critic Alexei Navalny has urged supporters to switch to cryptocurrency donations in the face of a crackdown that threatens to make donations illegal.
A sell-off in cryptocurrency-related stocks following Bitcoin's decline and Coinbase Global Inc.'s rocky debut has sparked a rallying cry from optimists who refute concerns that the market has peaked.
