Bad times for Bitcoin in 2022...?

Sowmiya Sriram
Bad times for Bitcoin in 2022...?

Some experts are claiming cryptocurrencies to be competitive for gold. But do you know how much the price of Bitcoin has fallen since the beginning of the current year? What is the current situation? What is it like anymore? What is the status of other major cryptocurrencies? Let's see.
The price of Bitcoin, the main currency in cryptocurrencies, has been declining since the beginning of the current year 2022. Investment in the country has begun to decline as international markets have continued to rise.The decline in bitcoin is expected to slow further in the coming week. The price of bitcoin, which has been plummeting since last year, has begun to plummet. Existing investments are starting to flow out. Due to this, the price of Bitcoin is declining. It was close to $ 40,000 in late September. It also saw a 42% decline from the peak.
Anything that comes from the second-largest wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital currency has seen a decline. Cryptocurrencies, including UNISWAP, are also on the decline. Meanwhile, as inflation continues to rise in the coming weeks, interest rates are likely to continue to rise. Thus, as interest rates rise, investments in these are likely to decline. The value of Bitcoin is currently down nearly 1% to $ 41,704.06. The maximum price in the last 24 hours was $ 42,308.14. The same minimum price is $ 40,562.49. It has seen a decline of 9.69% since the beginning of the current year.


 The value of Litecoin is currently down 2.85% at $ 129.71. Its maximum price in the last 24 hours is $ 134.60 and the same minimum price is $ 125. It has been down 11.14% since the beginning of this year.


For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

bitcoin

Related Articles: