Bitcoin fell during Wednesday's trade but is still trading above $ 19 thousand, coinciding with a decline in risk appetite in equity markets as investors evaluate expectations for interest hikes by central banks.
According to Fortune magazine, Sven Henrich, founder of Northman Trader Market Research, tweeted: "You know we have reached a unique time in history when bitcoin is suddenly less volatile than paper currencies."
Bitcoin fell 0.32% at $1,9016.25, at 1:57 pm Mecca time, according to Queen's Pass data.
The second largest cryptocurrency by market value "Ethereum" also fell 1.25% to $1303.50, and Ripple fell 3.56% to 42.88 cents.
The global market value of cryptocurrencies over the past 24 hours has fallen by $ 4.75% billion to $ 926.53 billion, according to Queen Market Cap data.
