Today, even those who do not enter the bitcoin market are talking about cryptocurrencies. Cryptocurrencies are legal in many countries; some countries even started using cryptocurrencies as their official currency. Meanwhile, cryptocurrencies continue to experience a significant loss of value.
Bitcoin, which is shown as the currency of the future, continued to fall last week and lost value by 16.8%. Other cryptocurrencies also suffered huge losses, with Ethereum down 25 percent. It had the worst start of the year in Bitcoin history. Bitcoin, which hit a record high of almost $68,000 in November, is now under $36,000.
Bitcoin lost $8,000 in just 1 week
The price of Bitcoin has also experienced a huge drop in the past week. It fell from $43,000 on Thursday night to about $38,500 on Friday. This decline continued on Saturday morning and bitcoin hit $35,140. Currently, it is between 35-36 thousand dollars.
Anyone who entered the bitcoin market at the beginning of the year lost more than 23 percent of the value of the coin within three weeks. You can reach our news about what will happen if this decline continues and hits the ground and sees $ 0.
We think this time Elon Musk does not have a hand in this business, but it seems that bitcoin will continue to fall. Maybe we should feel lucky as those who didn’t have the money to buy bitcoin at the beginning of the year. So what do you think about this decline of the bitcoin market? Let’s meet in the comments section.
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