Monday, 29 May 2023 12:00 GMT

Kuwait: 12,000 investors suffer major losses in Bitcoin

(MENAFN) Al Anba newspaper has reported a loss which roughly 12,000 Kuwaiti investors have suffered on 50% of their portfolio trading worth in the cryptocurrency market.

Bitcoin's value has seen a decline to under $8,000 from its record $19,500 in December.

Investors in Kuwait make up for a 1.5% of cryptocurrencies overall value following the market's decline.

By the end of 2017, the average investment volume has reached $70,000, with Bitcoin, Ethereum and Ripple breaking their records.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.