Tuesday, June 21, 2022
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Lakhs of people who bought bitcoin got hit, lost millions in just 8 months – News

Bitcoin Price: There has been a decline in the stock market for the last few days. It is difficult to predict when this decline will end. At the same time, apart from the stock market, selling has also been seen in the crypto market. Due to which there has also been a decline in bitcoin. The price of bitcoin has now fallen below $20,000. Since April this year, the price of bitcoin has dropped by more than half. At the same time, since November 2021, the price of bitcoin has been seen falling continuously.

below 20000 dollars

Selling in cryptocurrencies has increased. After which this year the price of bitcoin fell below $ 20,000 on Saturday for the first time since the end of 2020. According to CoinDesk, bitcoin fell nine percent to less than $19,000. The last time bitcoin was at this level was in November 2020. After this, bitcoin reached a high of $69,000 in November 2021.

Price fell by more than 70 percent

However, after this level, it has seen a steady decline. At the same time, since reaching this level, bitcoin has broken more than 70 percent. According to Indian currency, the price of bitcoin in November 2020 was around Rs 14 lakh. A year later, in November 2021, the price had reached close to Rs 48 lakh. At the same time, now it has come back to Rs 14 lakh.

investors are selling

At the same time, another cryptocurrency, Ethereum, has also fallen sharply in recent weeks. It continued to decline on Saturday as well. Central banks across the world are raising interest rates to combat high inflation, forcing investors to sell riskier assets.

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