Bitcoin Market Crash: The world’s largest digital currency, Bitcoin, saw a big decline again on Monday. On Monday, Bitcoin fell to a six-month low.
Bitcoin fell to a six-month low of $33,650, down 7.4 percent on Monday. This is the lowest level of bitcoin since 24 July 2021. Bitcoin has fallen 50 percent from its lifetime high of $69 000 in November. In fact, bitcoin has declined due to the fear of an attack on Ukraine by Russia. The US has even asked the family members of its diplomats to leave Ukraine. The effect of this tension is being seen from cryptocurrencies to crude oil.
recorded such a decline
According to coinmarketcap, talking about the last one week, it has seen a decline of about 18.81 percent. At the same time, a big decline has also been registered in Ethereum, the second largest currency after bitcoin. In the last 1 week, it has also registered a decline of 28 percent. Last year 2021 saw tremendous investment in cryptocurrencies. Many experts were assuming that there would be a great investment in cryptocurrencies in 2022, but for several days there has been a continuous decline in the prices of cryptocurrencies, due to which its market cap has decreased by Rs 75 lakh crore.
There was a jump in November
The price of cryptocurrencies saw a huge jump in November last year. The price of bitcoin, the most popular crypto currency, reached $ 67,803. Its price had doubled in the last 6 months. The total market cap of this sector reached $1 trillion for the first time in November. Now it has come down to $ 9 trillion.
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