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On Thursday, bitcoin (EXANTE: Bitcoin) crashed below $47,000. As of press time, the largest cryptocurrency by market cap is trading at $46,855.93 (-1.87%), according to EXANTE.

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Bitcoin Crashes Below $47,000
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Chart of the USD/BTC trading pair from EXANTE

For its part, ether (ETH) is sliding by -2.8% down to $3,695, while binance coin (BNB) is losing 3.53% and is now trading at $518.

Earlier, iHodl reported that Marathon Digital (Nasdaq: MARA), a cryptocurrency mining company, agreed to buy 78,000 Antminer S19 XP ASIC's from Bitmain. According to a regulatory filing, the purchase price is $879,060,000.

The company plans to spend 35% of the total amount within two days of execution of the purchase contract, 35% of each single shipment price at least six months prior to each such shipment, and the remaining 30% of each single shipment price at least one month prior to each such shipment. It is expected that 13,000 machines will be delivered each month from July to December 2022.

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