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Bitcoin continues to decline on Thursday, for the second consecutive day, amid strong selling pressures.
The biggest digital currency in the world has lost more than 9% over the past 24 hours, extending its losses over the past seven days to about 19.5%.
Bitcoin, the largest cryptocurrency in terms of market cap, is currently trading near $31,700.
Earlier today, Bitcoin fell to near $31,000, marking the first day since January 11 that it went below $32,000.
It is worth noting that the current decline comes as a correction wave following recent surges in Bitcoin value, which saw it trade as high as above $41,900.
