Bitcoin continued its decline over the weekend; Declined below $34,000 on Late Sunday


Bitcoin continued to decline after a broader stock sell-off in the USA last week sent the crypto market into a fury and caused bitcoin to slide by roughly 10%.

Bitcoin’s value was lower by around 3% at $33,438.03 on late Sunday, as per the data from Coin Metrics.

The cryptocurrency is now 50% down from its high price of $67,802 in November 2021.

The decline comes after the Dow Jones lost higher than 1,000 points on Thursday and the Nasdaq plummeted by 5%. These losses recorded the worst one-day drops since 2020 and the decline continued Friday.

Meanwhile, the central bank on Wednesday has raised its benchmark rate by 50-basis points to respond to inflation pressures.

The global cryptocurrency market was at a $1.68 trillion cap on Sunday.

No Comments Yet

Comments are closed


CIO Look is Global business authority platform where you can explore the perspective of Entrepreneurs, business owners, and innovators who drive business around the globe. CIOLook has unvaryingly been at the front line for its honesty and genuineness acquiring acknowledgment from Business pioneers universally. It features best business hones inferred by individuals, organizations, and industry divisions around the globe…. Read More

Follow us