The market value of the world's most popular cryptocurrency has settled at $2.04 trillion, and the trading volume over the last 24 hours reached $79.970 billion.

On a weekly basis, Bitcoin has lost about 3.01% of its value due to the severe downturns that hit the crypto market.

As for the prices of other cryptocurrencies, the price of Ethereum fell by 5.90% to reach $2,459.10, and the price of Binance Coin dropped by about 4.25% to record $638.30.

Cardano lost about 4.91% of its value, bringing its price to $0.6430, while the price of Ripple decreased by 2.79% to record $2.1384.