Bitcoin continued to fall on Saturday, weighed down by a lack of appetite for risk on the part of investors: it fell to 18.740 dollars, a drop of 9% from the previous day. Since December 13, 2020, this is his lowest point.
The bitcoin price continued to fall on Saturday, weighed down by a lack of appetite for risk among investors: it fell to 18.740 dollars, a drop of 9% from the previous day. Since December 13, 2020, this is his lowest point.
Since its historic high of 68.991 dollars on November 10, 2021, the digital currency has lost more than 72 percent of its value. It was trading at 18.941 dollars at 17:50 p.m. in Paris, an increase of 8% over the previous day.
All of the major cryptomonnaies were nettily repliées on Saturday, indicating that the liquidation on this market in full swing. The ether, the second most widely used digital currency, lost about 10% of its value.
As an explanation, the bank's behavior in the face of inflation.
The stock market has been soaring this week, with investors concerned that central banks, led by the Fed (the United States' Federal Reserve), are not being aggressive enough in their efforts to control inflation, risking affaiblir the global economy.
Cryptomonnaies, on the other hand, command the highest price. The crypto-currency market reached a symbolic high of 1000 billion dollars on Tuesday. In November of last year, it reached a high of $3000 billion.
The prohibition of withdrawals by two cryptocurrency exchange platforms has accelerated bitcoin's decline.
Celsius has announced a freeze in withdrawals and transfers until Sunday evening. This company, which, according to its website, managed assets worth $12 billion as of May, offered its users the opportunity to deposit "historical" cryptomonnaies such as bitcoin and ether in order to invest in new virtual currencies.
Babel Finance informed its customers on Friday that it was suspending all withdrawals due to "unusual liquidity pressures."
There have been some job posting suppressions on some platforms.
A brief review of bitcoin withdrawals from the world's largest platform, Binance, has also contributed to the lack of interest in cryptomonnaies this week.
Coinbase, a cryptocurrency exchange, announced on Tuesday that it would be laying off 18 percent of its employees, or about 1100 people.