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Bitcoin fell below $ 20,000 on Saturday, the lowest level in 18 months, taking a downturn while investors are at “risk”.
The largest cryptocurrency fell 7.1% to $ 18,993, the lowest value since December 2020.
The digital currency sector was hit this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts.
The decline in the value of digital assets comes at a time when even the world stock markets are declining. Bitcoin accounts for about a third of the cryptocurrency market, with a total value of $ 636 billion.
This year Bitcoin has dropped by about 59%, while Ethereum, the second largest cryptocurrency in the world, by 73%. There are over 5,000 different cryptocurrencies in the world, but the most popular remain Bitcoin and Ethereum. The person needs a “portfolio”, or an online application, through which he transfers real money for the purchase of cryptocurrencies.
The cryptocurrency trade has been dominated for years by individual investors, but, more recently, the market has also seen an influx of professional investors, such as money managers and hedge funds.
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