Bitcoin fell again and lost close to 50%. International

Bitcoin fell again and lost close to 50%.  International

Bitcoin, the most widely used cryptocurrency, fell 12% to around $ 33,200 (€ 27,250), a 49% decrease from the highest level in April ($ 64,869; € 53,254).

(Lee: Creating bitcoins consumes twice as much energy as Colombia per year)

However, at some points in the session, according to Bloomberg data, cryptocurrency has fallen to $ 31,100 (25,530 euros), representing a 52% decrease from its record.

(Lee: Bitcoin Crash Causes Failure in Trading Platform)

Bitcoin has experienced a roller coaster throughout the week, as it fell 11% last Wednesday; There was 12% left on Friday; And this Saturday it was up 8%. The most widely used cryptocurrency hit close to $ 30,000 (€ 24,630) on Wednesday, the lowest level since the end of January.

The reasons for this decline, which worsened on Friday, were reluctant statements about Tesla founder Elon Musk and the cryptocurrency shown by the People’s Bank of China (Chinese central bank) and the European Central Bank (ECB).

Bitcoin had already fallen on May 13, after Elon Musk announced on Twitter that Tesla would stop accepting payments with that cryptocurrency due to its environmental impact.

The same trend is followed by Ether, the second most commonly used cryptocurrency, which has fallen nearly 16% today and loses the $ 2,000 (1,642 euros) level.


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About the author: Seth Grace

Seth is an all-around geek who loves learning new stuff every day. With a background in Journalism and a passion for web-based technologies and Gadgets, she focuses on writing about on Hot Topics, Web Trends, Smartphones, and Tablets.

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