Friday, July 11, 2025
HomeTop NewsBitcoin crashes again and loses 50% | International

Bitcoin crashes again and loses 50% | International

Published on

Bitcoin, the most widely used cryptocurrency, fell 12 percent to $ 33,200 (27,250), the 49th highest loss in April (8,64,869 ;, 53,254).

(Lee: Bitcoin generates twice as much energy per year than Colombia)

However, at some point in the session, the cryptocurrency fell to $ 31,100 (25 25,530), indicating a 52% drop from its record, according to data from Bloomberg.

(Lee: Bitcoin crash causes failures on trading platforms)

Bitcoin experienced a roller coaster throughout the week as it fell 11% last Wednesday; 12% left on Friday; This Saturday it rose 8%. The most widely used cryptocurrency reached $ 30,000 ($ 6,24,630) on Wednesday, its lowest level since the end of January.

Critical statements by Tesla founder Elon Musk and the reluctance of the People’s Bank of China (Central Bank of China) and the European Central Bank (ECB) about cryptocurrencies were the main reasons for the sharp fall on Friday.

Bitcoin plummeted on May 13 after Elon Musk announced on Twitter that he would stop accepting payments using Tesla cryptocurrency due to the environmental impact.

Following the same trend, Ether, the second most widely used cryptocurrency, today fell nearly 16% to $ 2,000 (64 1,642).

EFE

Latest articles

Shelving Solutions for Irish Garages and Warehouses

In Ireland, where both residential and commercial spaces often face storage challenges, having the...

What Guarantees the Security of Storing Online Casino Players’ Data?

In today’s digital age, the security of personal data is paramount, especially in industries...

Driving Efficiency: How Telematics Can Transform Fleet Management in Ireland

Fleet management in Ireland is changing and fast. Modern telematics technology now allows business...

Building a Supportive Community for Weight Loss: Why It Matters

Starting a new weight loss journey can feel a little overwhelming and lonely too,...

More like this

Shelving Solutions for Irish Garages and Warehouses

In Ireland, where both residential and commercial spaces often face storage challenges, having the...

What Guarantees the Security of Storing Online Casino Players’ Data?

In today’s digital age, the security of personal data is paramount, especially in industries...

Driving Efficiency: How Telematics Can Transform Fleet Management in Ireland

Fleet management in Ireland is changing and fast. Modern telematics technology now allows business...