Bitcoin shifts between rise, fall

2022-01-09 09:18:06

(MENAFN) The largest cryptocurrency bitcoin declined for the seventh day in row, signifying its longest period in losing value since 2018, as the global economy fights fresh variants of the Coronavirus, inflation and an aggressive turn of the US Fed.

The previous factors caused the decrease of Bitcoin to USD40,800 without any slowdown, recording a day-on-day decrease of 2.3 percent.

Bitcoin returned to increase, after originally shifting between rising and falling, at about USD41,664 for every token. It continued to approximately fall within 1 percent.

The coin’s turbulence is considered to be the longest since the severe decline that happened on 30 July till August 4, 2018.

MENAFN09012022000045013270ID1103510187

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.