Agencies-Gaza post
Bitcoin below $20 thousand for the first time since 2020
Bitcoin fell about 5.4% on Saturday to $ 19396, marking the first time it has fallen below $ 20 thousand since 2020.
The price of Bitcoin, the world’s most extensive and most popular digital currency, last week saw a sharp decline of 11.55% to $22,412.58, and the market value of Bitcoin during today’s trading fell to $431,165 billion, up from $485.41 billion at the close of last week’s trade.
Bitcoin again lost value last Monday after Celsius, an American cryptocurrency lending company, froze withdrawals and transfers due to “difficult conditions” in the latest sign of the financial market turmoil that has hit the world of digital currencies.
The value of bitcoin fell below $34 thousand last May, with the first digital currency in terms of market value falling by 50% since hitting its highest level last November.
Because bitcoin is worth about a third of the value of cryptocurrencies around the world for a total of about $ 640 billion, Celsius’ action caused a decline in cryptocurrencies, falling below $1 trillion for the first time since January last year, leading to a 14% decline in the value of bitcoin’s largest cryptocurrencies.
