Business & Economy

After a historic rise… a resounding decline for Bitcoin

The digital currency bitcoin recorded a decline for the third day in a row, recording its worst numbers since 2022.
The most widely traded digital currency in the world lost more than 16% of its value last April, after it had experienced an unprecedented rise in which its value exceeded 73 thousand dollars at the beginning of the current year 2024, before entering into a spiral of losses.
Bitcoin recorded 3.8% to $57,481 in the latest trading, while Ethereum lost 2.6%, falling to $2,884.
Encrypted digital currencies, emerging market stocks, bonds, and commodities are affected by interest rates at the US Central Bank, which has not made any changes to them for some time, and this is not expected to happen in the near term, which means continued losses.

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