Today news
About the same in other media
Almost $12,000 wiped off value of bitcoin in weekend ‘thumping’
Reading now: 751
The value of bitcoin has suffered a “thumping”, losing more than one-fifth of its value at at one point over the weekend before settling below $50,000 (£37,720), only a month after reaching a record high.
The value of the cryptocurrency rose above $68,000 in November and had been predicted to move even higher by the end of the year, amid concern about the value of traditional assets such as gold and government debt.
Some investors and analysts, including the Wall Street bank JP Morgan, have also seen bitcoin as a hedge against inflation, which has begun to take off in large economies including the UK and the US.
But the world’s largest digital currency, which had reached a total market value of $1.1tn before the weekend’s fall, has struggled
Read more on theguardian.comAbout this in other media
Bored Ape NFT reportedly sells for $3,000 instead of $300,000 due to 'fat-finger' mistake cnbc.com /2 years ago
Bitcoin cracks $10,000 in an hour as crypto sell-off intensifies economictimes.indiatimes.com /2 years ago
US adds 210,000 jobs in November ahead of discovery of Omicron variant theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
