Home News Bitcoin continues to decline. The cryptocurrency reached its lowest level in...

Bitcoin continues to decline. The cryptocurrency reached its lowest level in July 2021

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Thus, Bitcoin, the most important digital currency in the world by market value, fell on Monday by 5%, to $ 32,860.91 per unit, according to data from Coindesk. Bitcoin reached a transaction minimum of $ 32,650.02 per unit, the lowest level since July 2021, News.ro reports.

The virtual currency has been traded in a limited range this year, while trying to recover its highs by the end of 2021. Currently, bitcoin is over 50% below the maximum price of $ 68,990.90 per unit reached in November 2021.

The decline comes after the Dow Jones Industrial Average lost more than 1,000 points on Thursday and the Nasdaq fell 5%. These losses marked the worst one-day declines in 2020. The Dow and Nasdaq fell again on Friday.

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Meanwhile, the Federal Reserve raised its reference interest rate by half a percentage point last Wednesday in response to inflationary pressures. The stock market rose after Fed Chairman Jerome Powell said a higher rate hike of 0.75 percentage points was not being considered. But by Thursday, investors had wiped out those gains.

Wall Street stock market continued its negative trend on Monday.

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