Friday, August 12, 2022

Record decline in value of world’s largest cryptocurrency

The value of the bitcoin has reached its lowest level in 18 months.

The price of a bitcoin dropped to less than 24 24,000 on June 13, the lowest price since December 2020.

A unit of bitcoin is currently being sold at ہزار 23,619, down 12 percent.

A record fall in the value of the world’s largest cryptocurrency has cost the crypto market more than 200 200 billion.

After this loss, the total market capitalization reached حد 1 trillion for the first time since February 2021, which was more than 3 3 trillion in November 2021.

The value of the bitcoin has fallen sharply on the back of rising inflation in the United States and the possibility of a rise in the US Federal Reserve this week.



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