Bitcoin Keeps Falling, but Everything Is Fine Among the Crypto True Believers ...Middle East

The New Republic - News

It was almost cryptocurrency’s Black Wednesday. In the space of a few hours, Bitcoin’s price fell by up to 30 percent, from about $43,000 to around $31,000, before rebounding. As of now, it’s far from its all-time high of more than $63,000, reached just last month, and has lost about 27 percent of its value in the last week. The rest of the top cryptocurrencies are a sea of red; at one point, about 20 percent of the entire market’s value had been wiped out, according to CoinMarketCap. Crypto-connected stocks like Tesla and MicroStrategy declined. The exchanges Coinbase, Kraken, and Gemini all had technical issues that hindered trading. Equal measures of fear and resolve spread through Twitte

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Last updated : 19 May 2021 clock 10:01 PM

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Bitcoin Keeps Falling, but Everything Is Fine Among the Crypto True Believers ...Middle East

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