Kathmandu, June 19
In recent days, the value of the cryptocurrency Bitcoin has dropped.
According to the Associated Press, Bitcoin’s value dropped the most since 2020 on Saturday. On Saturday, the price of a bitcoin fell below $18,000 for a short while.
Bitcoin is one of the world’s most widely used cryptocurrencies. On Saturday afternoon, the price of a bitcoin reached $17, 593. It increased marginally to 18 thousand 556 dollars after a time.
Bitcoin’s price has already hit this level in November 2020. According to Coindesk, its value has steadily increased since then, reaching $ 68,000 in November.
Bitcoin traders anticipated that the currency’s value will not go below $ 20,000.
With less than $20,000, people are losing faith in cryptocurrencies, market analysts say.
