Business & Economy

The digital currency Bitcoin loses a huge amount of its market value in a few hours

The American newspaper Bloomberg reported that “the cryptocurrency “Bitcoin” lost 200 billion dollars in its market value within 24 hours.”

Yesterday, the encrypted digital currency “Bitcoin” fell 8 percent today, and reached $ 28,555, in a precedent that has not occurred since December 2020, when it reached $ 29 thousand at the time, and this decline came after the release of data indicating that inflation continued to be at its highest levels in 40 years.

Bitcoin is a cryptocurrency that was invented in 2008 by an anonymous person or group known as Satoshi Nakamoto. The currency began to be used in 2009 when its application was released as open source software.

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