Bitcoin sank 13%! Cryptocurrency with huge devaluation

Anyone who has followed the cryptocurrency market has realized it has had better times. Most cryptocurrencies have depreciated greatly in recent weeks and there has been no good news.

The most popular cryptocurrency, Bitcoin, has already traded at half the price it did a month ago. Will it be cured?

Bitcoin was already worth $ 64,000 ...

CNN reports that this has been a "worry week" for the cryptocurrency world. For example, Bitcoin, which was already worth $ 64,000, was trading at around $ 33,000 this morning.

Yesterday in a tweet, Elon Musk said that he supported the "battle" with fiat currency, however, despite a slight increase, the cryptocurrency market is trading lower again. It should also be noted that Elon Musk spoke ambiguously about cryptocurrencies ... and this excited the markets (both positively and negatively).

Despite consistent disruptions in the last few sessions, Bitcoin continues to accumulate gains of over 250% over the past 12 months.

Besides Bitcoin, the second most popular currency in the world, Ethere, fell 20% this morning after negotiating about $ 1,900. Even DogeCoin itself sank 16%.

Recall that China has banned the use of cryptocurrencies in banks and payment systems with this type of digital currencies. ABOUT ad this limitation was imposed by three financial sector authorities. The National Internet Finance Association of China, the China Banking Association, and the China Payments and Clearing Association showed that the decision was made due to the risks in cryptocurrency trading.

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