Bitcoin Crash! The Decline in The Crypto Market Continues | #cryptocurrency #bitcoin #news #topnews #cryptocrash #worldnews #dailycurrentaffairs #currentaffairs2022
The price of bitcoin, the most popular cryptocurrency, dropped below $16,000 again in November, a year after it reached a record high of $69,000 in November 2021. It’s currently worth more than $17,000.
Bitcoin is incredibly volatile. It is prone to rising and falling sharply on a daily basis. But it’s not the only cryptocurrency to have had a tumultuous time recently.
Global stocks have gone into a downturn as result of:
The war in Ukraine
Inflationary fears
Higher interest rates, which will make it more expensive for businesses to borrow money
This has spilled over into the cryptocurrency market.
#news #topnews #crypto #crash #cryptocrash
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