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


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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