The price of bitcoin has fallen below the psychological mark of $50 thousand for the second time in a week. This is evidenced by trade data. As of 12:30 pm, Bitcoin was worth $48,417. During the day, the token lost almost six thousand dollars. During the trades, the value of the most popular cryptocurrency dropped to $48,300 – the minimum value in 48 days.

Other cryptocurrencies also show a fall. For example, Ethereum was down 13 percent and its market cap fell to $250 billion. Binance Coin (BNB) fell to $473, losing 13.5 percent, XRP was down to one dollar (minus 20 percent), and Stellar was down to $0.4 (minus 17 percent).

Earlier in April, Bitcoin was predicted to crash soon. Interviewed analysts said that the cryptocurrency market was showing signs of a “bubble” that could “burst” in the near future.