On Tuesday, February 23, bitcoin slipped more than 17 percent to $ 45,000, triggering a liquidation of leveraged bets, amid investor concerns over the high-net valuation of the cryptocurrency. The world’s most popular cryptocurrency suffered its biggest daily decline in a month, as it lost steam and fell to the $ 45,000 mark. Bitcoin was down 9.84 percent to close at $ 47,930.3. The steep drop in prices took its losses from a record high of $ 58,354 hit Sunday to a fifth on Sunday, February 21, and underscored emerging asset volatility. However, cryptocurrency is still around 60 per cent this year.