Despite the Drop, Bitcoin Still Is 2x Up From 2020

Over the last day, the crypto market cap dropped by over 5%. Currently, it stands at around $2.13 trillion.

Prices of most cryptocurrencies have seen significant losses in the last 7 days. The lowest price of Bitcoin in the last 24 hours, was $45,894.85 according to CoinMarketCap. In that interval, the price dropped by over 3.9%. At the moment,

Bitcoin trades at around $46.800.

The largest altcoin, Ethereum fell by over 5%. It trades at about $3.700. Generally, financial markets face difficulties caused by the Omicron virus.

However, despite the current crash, Bitcoin's price grew twice compared to December 2020. A survey by Grayscale showed that over 55% of crypto investors made their first purchase this year. At the same time, more banks are offering crypto services.