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By using this site, you agree to the Privacy Policy and Terms of Service. close dialog close dialog * Markets * Tech * Media * Success * Perspectives * Videos Live TV Edition * U.S. * International * Arabic * Español Search CNN User Account User Account Open Menu * Markets * Tech * Media * Success * Perspectives * Videos Search Live TV Edition * U.S. * International * Arabic * Español -------------------------------------------------------------------------------- * Markets * Premarkets * Dow * After-Hours * Market Movers * Fear & Greed * World Markets * Investing * Markets Now * Before the Bell * Leading Indicator * Global Energy Challenge * Economy * Tracking America's Recovery * Energy * Money * Tech * Innovate * Gadget * Foreseeable Future * Mission: Ahead * Upstarts * Business Evolved * Innovative Cities * Unhackable * Media * Reliable Sources * Success * Boss Files * Risk Takers * Fresh Money * Invest Ahead * Work Transformed * Cars * Homes * Wealth Coach * Center Piece * Perspectives * Videos * International * Switzerland * India * Davos * Reliable Sources * Passion to Portfolio * On: Germany * More * Accessibility & CC * About Us * Newsletters -------------------------------------------------------------------------------- * US * World * Politics * Business * Opinion * Health * Entertainment * Tech * Style * Travel * Sports * Videos * Audio * Coupons * Weather * More -------------------------------------------------------------------------------- Follow CNN Business * * * DOW 34,580.08-0.17% S&P 500 4,538.43-0.84% NASDAQ 15,085.47-1.92% MARKETS see all DOW 34,580.08-59.71-0.17% S&P 500 4,538.43-38.67-0.84% NASDAQ 15,085.47-295.85-1.92% FEATURED ALL THE ECONOMIC DATA YOU NEED FEATURED ALL THE ECONOMIC DATA YOU NEED From jobs to GDP, these key indicators provide a comprehensive, up-to-date picture of the US Economy. LATEST CNN fires Chris Cuomo LATEST CNN fires Chris CuomoFormer Netflix engineer and accomplice sentenced to prison for insider tradingBitcoin plunges overnight BITCOIN PLUNGES OVERNIGHT By Ramishah Maruf, CNN Business and Reuters Updated 12:12 PM ET, Sat December 4, 2021 JUST WATCHED CRYPTO: THE FUTURE OF MONEY OR THE BIGGEST SCAM? Replay More Videos ... MUST WATCH Play (7 VIDEOS) BITCOIN'S DIGITAL DRUBBING LEARNING HARD LESSONS OF CRYPTO-CURRENCY HERE'S HOW BITCOIN WORKS CAN BITCOIN GO MAINSTREAM? CRYPTO: THE FUTURE OF MONEY OR THE BIGGEST SCAM? WHAT IS BITCOIN? CAN YOU LIVE OFF OF BITCOIN? BITCOIN'S DIGITAL DRUBBING LEARNING HARD LESSONS OF CRYPTO-CURRENCY HERE'S HOW BITCOIN WORKS CAN BITCOIN GO MAINSTREAM? CRYPTO: THE FUTURE OF MONEY OR THE BIGGEST SCAM? WHAT IS BITCOIN? CAN YOU LIVE OFF OF BITCOIN? BITCOIN'S DIGITAL DRUBBING New York, NY (CNN)Bitcoin prices plummeted overnight to a low of about $43,000. As of 10:30 am EST Saturday, the cryptocurrency had dropped more than 13% in the previous 24 hours, from $56,294 to $48,309 -- a loss of almost $8,000. That's a stark contrast from its all-time high of just last month, when Bitcoin reached almost $69,000 on November 9. It's a slight rebound from a plunge of more than 17% earlier in the day. Ether, the second most popular cyrptocurrency, fell almost 10%. Read More The drop for bitcoin follows a volatile week for financial markets. Global equities and benchmark U.S. bond yields tumbled on Friday after data showed US job growth slowed in November and the Omicron variant of the coronavirus kept investors on edge. Data from another platform, Coinglass, showed that nearly $1 billion worth of cryptocurrencies had been liquidated over the past 24 hours, with the bulk being on digital exchange Bitfinex. Enter your email or view the Vault By CNN webpage to own a piece of CNN History with blockchain technology. close dialog Own a piece of history with Vault by CNN. We’re offering you a new way to experience historic moments. Explore Now Get Updates Be the first to know about upcoming releases from our Vault, with updates delivered right to your inbox. Please enter above Sign Me Up By subscribing, you agree to our privacy policy. Success! See you in your inbox. close dialog Correction: A previous version of this story misstated Bitcoin's lowest point in its drop in value overnight. It fell to about $43,000. * * Paid Content Paid Content Recommended by * [Photos] Man Who Saved Pennies For 45 years Cashes Out Money Pop + The ad has been removed! Please tell us why? * Irrelevant * Repetitive * Fake news * Offensive * 13 Retirement Investing Blunders to Avoid in Your 60s Fisher Investments + The ad has been removed! 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