Bitcoin for less than 30 days, loses 12 billion dollars
Rioting in the digital currency market has led Bitcoin to the lowest level in 1 month, deleting $ 12 billion in total market value in less than 30 days.
The price for a Bitcoin dropped to $ 2,272.3, the lowest since June 15, according to CoinDesk data.
Despite having a slight recovery of $ 2,350, this figure is well below the highest level of $ 3,025, which hit in June 11. In this period of time, the total value of all units in circulation has fallen by $ 12.1 billion.
A major withdrawal is taking place in the digital currency world after giant growth a few months ago. During June, Bitcoin reached a level that was 6 times bigger than the beginning of the year.
Despite the fall on Wednesday, Bitcoin is still 450% above the lowest level this year.
BlackRock portfolio management company analysts have warned of a possible bubble, based on currencies graphs.
The next currency, Ethereum, hit 200 dollars, down 50%, from the June level of $ 400. Experts say these fluctuations are normal, while the true value of these assets is still unknown.
Digital currencies are becoming more popular because countries and companies are examining the technology behind them, "Blockchain".
The biggest contribution to this year's Bitcoin growth was approval from Japan as a payment method.
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This comment has received a 0.11 % upvote from @booster thanks to: @hamzaoui.
Just when i was about to invest some $$$$
Probably better to wait before investing :)
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Vital info from my perspective i hope they go down even more since im not ready with the funds to buy :PP Thank you for this post man!