Bitcoin began the week on a down note Monday (Sept. 20), with the digital currency’s price falling as much as 10% at one point during the day. It was down 9.09% as of 3 p.m. Eastern time Monday.
The price of bitcoin was at $47,700 Sunday afternoon (Sept. 19) and had fallen to $42,628 at 8:38 a.m. Eastern time Monday.
That’s still higher than bitcoin’s 52-week low of $10,141. The crypto reached its 52-week high with a price of $64,888 in April.
Ethereum’s price experienced a similar drop from $3,372 Sunday afternoon to $2,944 Monday morning. The blockchain platform was down 10% as of 3 p.m. Eastern time Monday.
The price drop comes just days after a series of stories showing bitcoin’s tenacity. For example, there’s the news that El Salvador now has the world’s third-largest network of cryptocurrency ATMs, which adds to 70% of all Central American crypto ATMs.
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The country surpassed the number of crypto ATMs in the U.K. after installing 205 new ATMs to boost local bitcoin transactions as well as conversions between BTC and U.S. dollars.
Then there’s Magnum Real Estate, which will be working with the first real estate opportunity paid in cryptocurrency by taking payment for a three-store retail condominium space in bitcoin.
Finally, there’s the news that AMC Theatres will begin accepting bitcoin, ether, bitcoin cash and litecoin for ticket purchases as it sees digital currencies gaining more traction.
See more: Chivo Bitcoin ATMs Come to 10 US Cities From El Salvador; India’s SBI Latest Bank to Bar Payments to Crypto Exchanges
AMC had previously said it would take only bitcoin but will now begin expanding its choices.
—————————— NEW PYMNTS DATA: TODAY’S SELF-SERVICE SHOPPING JOURNEY – SEPTEMBER 2021 About: Eighty percent of consumers are interested in using nontraditional checkout options like self-service, yet only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba collaboration , analyzes over 2,500 responses to learn how merchants can address availability and perception issues to meet demand for self-service kiosks.