Bitcoin price plunged 10 percent during trading on September 20, inasmuch as investors tried to mitigate risks against the background of a general downturn in the stock market. According to Coin Metrics, at the time of writing, the token price has dropped 7.5 percent to $44,000.

Although the token is considered as a safe investment, its value tends to decline along with the price of all risky assets. The broader cryptocurrency market is also in the minus zone – Ethereum fell 8.5 percent to $3,070.83. “This sale is a continuation of an established pattern where traders cash out risky assets to meet collateral replenishment requirements [brokers’ claims due to risk of loss] or sit on the sidelines until the markets calm down and again feel more comfortable in risky positions,” – according to the CEO of Valkyrie Investments Leah Wold. “If bitcoin could ever establish itself as a safe haven or digital gold, (…) now is the time.”