Bitcoin headed for biggest weekly drop since March 2020

After turbulent week, bitcoin has suffered hard falls and is heading towards greater weekly devaluation in almost 1 year.

Bitcoin (BTC) fell to $ 44,000 on Friday (26) and is headed for the biggest weekly price devaluation in almost a year.  In the same week that the cryptocurrency reached its all-time high of $ 58,000, the asset also fell 32% to today's low.  Depending on Sunday's closing, this is expected to be the biggest retraction since March 2020.

After dropping below $ 45,000 this morning, as the CoinDesk index points out, the cryptocurrency has regained some strength.  Even so, the asset lost 9% in value in the last 24 hours.

 Comparing the opening prices last Sunday with today's crypto price, it is already approximately 22% devaluation.  In the second week of March 2020, the same variation was -33%.  To date, the current cumulative decline is the biggest weekly retraction since then.

However, if we compare the lows and highs of the week, bitcoin plummeted from the price record reached on Sunday (21) to the lowest value recorded on Friday, representing about 32% devaluation.