• June 15, 2022

The cryptocurrency market crashed

 

The cryptocurrency market crashed, causing the bitcoin to depreciate by billions of dollars.

According to CoinJacko, a cryptocurrency news website, the value of the bitcoin has fallen by more than 27% in the last seven days, mainly due to investors’ risky assets, including investing in cryptocurrency. To be away

The value of the world’s largest cryptocurrency bitcoin reached an 18-month low of 21 21,000 yesterday. The value of the bitcoin had plummeted before in November last year.

According to the report, inflation figures released by the US Bureau of Statistics and the collapse of the Terra Ecosystem along with the algorithmic stable Coin Terra USD and Leona played a key role in bringing down the cryptocurrency market.

According to experts in the crypto industry, the value of the bitcoin is likely to fall below 20 20,000. On the plus side, it eliminates unhealthy sugary foods from one’s diet.

Co-founder and CEO of Thematic Crypto Investment Platform says that Bitcoin Mining is conducting a survey despite its crackdown and strict legislation and I can see that in the next 5 years The market cap will exceed 10 1 trillion.

He added that despite the high profits, corrupt assets are considered high risk and variable, so investors should not allocate more than 5 to 10 percent of their savings in it.

Analysts watching the cryptocurrency market and predicting its value predicted at the beginning of the new year that 2022 would be the year of the bitcoin crash.

In this regard, experts said that in the coming months, the value of the bitcoin will fall sharply, which will have an impact on other digital currencies as well.

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