Search
Close this search box.

The value of Bitcoin drops by 50 percent

Share

The value of Bitcoin continued to fall over the weekend, reaching below $ 34,000 at the cryptocurrency exchange, Coinbase.

The world’s largest cryptocurrency in terms of market value has now fallen by 50%, compared to its peak in November last year.

The decline in the value of digital assets comes at a time when even the world stock markets are declining.

Bitcoin accounts for about a third of the cryptocurrency market, with a total value of $ 636 billion.

Ethereum, the world’s second largest cryptocurrency, has also fallen in value, by more than 10% in the last week.

There are over 5,000 different cryptocurrencies in the world, but the most popular remain Bitcoin and Ethereum.

The person needs a “portfolio”, or an online application, through which he transfers real money for the purchase of cryptocurrencies.

The cryptocurrency trade has been dominated for years by individual investors, but, more recently, the market has also seen an influx of professional investors, such as money managers and hedge funds.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Share

Share

People read this article

Support this article

Read article in English
Related News

Lorem ipsum dolor sit amet, consectetur adipiscing elit. In dapibus mi in augue auctor venenatis.

Related content