Business & Economy

Cryptocurrency Bitcoin slumped to its lowest level since July 2021 on Monday, May 9, while a slump in stock markets continues to hurt cryptocurrencies currently traded in line with so-called riskier assets such as technology stocks.

Bitcoin fell 5.27% to $ 32,230 thousand, in the fifth consecutive session of losses.

Bitcoin has fallen 15% since the beginning of May and has lost more than half its value since hitting an all-time high of $69,000 in November last year.

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