Bitcoin Value Drops Amid Cryptocurrency Crash | markets

Anyone who thought cryptocurrencies were a type of asset protected against economic effects such as inflation might change their minds. Last weekend, the global digital currency market was worth less than 190 billion euros and the decline continues. After another week of continuous devaluation, the world’s first cryptocurrency, bitcoin, hit its lowest value since November 2020 on Saturday. The price fell 9%, at 18,732 dollars (17,847 euros), while Europe slept, keeping investors awake at night, who consider the price of 20 thousand dollars (19.56 euros) as a reference threshold.

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