Bitcoin keeps losing its value after a wide sale of shares in the US last week shook the cryptocurrency market and caused them to fall sharply by 10%, according to CNBC.
Bitcoin lost almost 3%. According to the data of Coindesk, he value of the largest cryptocurrency by market value fell to $ 33,594.50. Bitcoin is currently at its lowest level since the end of January – 50% less than the peak price of $68,990.90 in November 2021.
“Overall markets remain under pressure from inflation and growth fears,” said Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno. He said that if bitcoin falls below $30,000, it could even drop further to $25,000 before any “significant” move back up.
The global market capitalization of cryptocurrencies was $ 1.68 trillion on Sunday, according to the data of CoinGecko. The volume of cryptocurrency trading on the last day amounted to $119 billion. .