Bitcoin Loses About 9% of Its Value

The price of Bitcoin fell sharply on Monday, September 20th, as investors began to dump risks amid a slump in global stock markets.

The world’s most popular cryptocurrency tends to fall despite being considered safe haven by some, the growing reality is that its price tends to fall amid broader declines in risky assets.

As is the case with stocks, the price of Bitcoin usually sees a decline in the month of September.

Bitcoin lost about 10% of its value on Monday and was last traded below $43,000, according to Coin Metrics.

The decline included the broader cryptocurrency market, with ether dropping 12% to $2,985.95.