Bitcoin's price has dropped to its lowest level since a flash crash in early December, as cryptocurrency values continue to fall. By market capitalization, the world's most popular and largest digital coin was trading 1 percent lower at USD42,909.

Bitcoin, which is known for its volatility, has lost more than USD26,000 since reaching a high of about USD69,000 in early November. In the last seven days, the cryptocurrency has lost more than 7 percent of its value.

According to CoinDesk, Ether, the second largest cryptocurrency and the unit tied to the Ethereum network, fell over 4 percent to USD3,380. Dogecoin prices, on the other hand, increased by 0.4 percent to USD0.15, while Shiba Inu prices increased by over 2 percent to USD0.000031. Binance Coin, on the other hand, was practically unchanged at USD470.

Other digital assets' performance has improved as well, with cryptos such as Solana, Polygon, Uniswap, Stellar, Cardano, XRP, Tether, and Litecoin trading with gains in the last 24 hours. According to CoinGecko, the global crypto market capitalization fell 2 percent to USD2.17 trillion.

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