The last few weeks have been full of ups and downs in terms of cryptocurrency dynamics, with numbers far from the big benchmarks presented in the final months of 2021, where the Bitcoin came to be worth more than $68.000.
According to the latest information, Bitcoin has now dropped below $20.000, which represents the lowest value since December 2020.
The latest figures on the cryptocurrency market are not encouraging for anyone who invests or is considering investing in this sector. Data show that this Saturday (18) Bitcoin fell to less than $ 20.000, the lowest value in the last 18 months, namely since December 2020.
As reported by the agency Reuters, with these figures, investors are quite concerned and unnerved by the growing problems presented in this market.
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Until the close of this article, according to our editors, Bitcoin has a value of 19.047,05 dollars, according to data from the CoinMarketCap, with a drop of 7,69%.
Without a doubt, this was a dark week for the cryptocurrency sector, especially after the Celsius Network – a 'bank' that offers interest-bearing products to customers who deposit cryptocurrencies on the platform, and then lend digital assets in order to obtain a return – have announced the suspension of all withdrawals and transfers between accounts, as a form of “honor, in the long term, the withdrawal obligations".
According to the data, the popular cryptocurrency BTC has already dropped by 59% this year, while the value of the well-known Ethereum ETH has dropped by 73%.
As mentioned this Saturday by Edward Moya, financial market analyst OANDA, “Declining from $20.000 shows that the confidence of the cryptocurrency industry has collapsed and we are seeing the latest tensions. There are many cryptocurrencies and exchanges that are under tremendous financial pressure due to changing borrowing costs.".
