What’s behind the sharp drop in Bitcoin’s value? | Crypto

From: Inside Story

The value of the cryptocurrency not too long ago dipped beneath $20,000, its lowest degree since November 2020.

The chaos in crypto markets has continued and lots of digital currencies have seen their worth attain zero.

That’s knocked lots of confidence out of the market, making a domino impact reaching all the way in which to the highest. The value of Bitcoin, the world’s largest cryptocurrency, not too long ago dipped beneath $20,000 for the primary time since November 2020.

As buyers change into more and more nervous, extra have been promoting off their cash.

What does that inform us about the way forward for the digital forex?

Presenter: Sami Zeidan

Visitors

Aly-Khan Satchu – Investor and CEO at Wealthy Administration

Naeem Aslam – Chief market analyst at AvaTrade

Brian Lucey – Professor of worldwide finance and commodities at Trinity Enterprise Faculty

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