The value of the bitcoin has reached an 18-month lowest .The price of a bitcoin dropped to less than 24,000 $ on June 13, the lowest price since December 2020.A unit of bitcoin is currently being sold at 23619$ , down 12% .

NEW YORK (Monitoring Desk) - The value of the digital currency 'bitcoin' fell to an 18-month lowest . According to the news website 'ProPakistani', the value of bitcoin has dropped dramatically by 12%, bringing its value to 23,619 USD .

According to the report, after this recent decline, the price of bitcoin has come down below 24 24,000 for the first time since December 2020. The depreciation of the bitcoin has reportedly cost the crypto market more than 200 billion USD . After this loss, the total market capitalization has fallen to one trillion dollars for the first time since February 2021.

The total market in November 2021 was over three trillion. It is being reported that the price of bitcoin has declined due to the rise in inflation in the United States and the possibility of an increase in interest rates by the US Federal Reserve this week.