Bitcoin has gone down to its lowest level since February, with the crash accelerating
Bitcoin has gone down to its lowest level since February, with the acceleration of the world's latest digital bill, Bitcoin. This brought the concerns of the crypto money to the long-term continuity of the traditional currency again. Digital money has fallen more than 1,000 dollars in the last 2 days.
Bitcoin fell 4.6 percent on Tuesday and traded at $ 6,450. Bitcoin was traded at $ 19,511 last December. Since then, digital money has lost more than 50 percent.
"This decline is not the result of any development, only the downward trend that started after 2017," said Kyle Samani, manager of crypto hedge fund (free investment) in Texas-based Multicoin Capital. "Many people who bought Bitcoin from $ 9,000 in April realized they would never be able to close their losses and went on sale," Samani said.