During Monday's trading, bitcoin prices fell 2.75% to $48,145 thousand.
According to Arab Net, traders incurred losses after a harsh weekend, when the price of the largest digital asset in the world at one time lost more than a fifth of its value.
This trajectory brought the price of Bitcoin and the amount invested in its futures contracts back to where they were in early October, before the massive price hike pushed the coin to an all-time high of $69,000 on November 10, it said. Reuters.
Another cryptocurrency, Ether, the world's second largest cryptocurrency that supports the Ethereum network, also fell on Saturday, but less sharply.
In the latest trading, it reached $4020 compared to its highest level recorded on the tenth of November at $4868, but it achieved steady gains against its largest competitor.
Ether last traded 0.086 BTC, the highest level since May 2018.
