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June 18, 2022
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Bitcoin falls below $20,000

Bitcoin falls below $20,000

Bitcoin continued to fall this Saturday due to investors’ lack of appetite for risk and lost 9% compared to Friday when trading at $18,740its lowest value since December 13, 2020.

(Bill Gates says that cryptocurrencies and NFTs are of little use.)

Since its historical price of 68,991 dollars on November 10, the cryptocurrency depreciated 62%.

Bitcoin was worth $18,941, down 8% from Friday. All cryptocurrencies retreated on Saturday.

the ether, the second most traded digital currency, lost almost 10%.

In a week in which the markets fell due to the difficulties of the countries in dealing with inflation and the fear of a weakening of the world economy, cryptocurrencies paid the highest price.

(Bitcóin without floor: cryptocurrency loses 33% in nine days).

On Monday, the market for those coins fell below the symbolic figure of 1,000 million dollars.

In November the volume was 3,000 million. Bitcoin’s decline was further accelerated by the suspension of withdrawals on two cryptocurrency trading platforms. Celsius suspended withdrawals and transfers on Sunday night.

This company proposed to its users to leave the “historical” cryptocurrencies, such as bitcoin and ether, to invest in new virtual currencies. Platform Babel Finance, meanwhile, told its clients on Friday that it was suspending all withdrawals due to “unusual pressures on cryptocurrencies.”

AFP

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