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Bitcoin collapses by more than 20%

Cryptocurrency market crash
Cryptocurrency market crash
The price of cryptocurrencies in general and cryptocurrency bitcoin fell sharply on Saturday, dropping more than 20% and reaching a low of near $43,000, then retracing its losses as it is currently trading at the $47,000 level.
According to cryptocurrency exchange Binance, bitcoin has fallen more than 16% in the past 24 hours, and the price of Ethereum has fallen more than 10% to a low near $3,500, then pared its losses and is trading near $3,888.
According to Binance, Ethereum, the world's second-largest cryptocurrency by market capitalization, has lost more than 14% of its value in the past 24 hours.
In the same context, we find that cryptocurrencies have witnessed a decline since the emergence of the “Omicron mutated” on November 26, 2021, as Bitcoin reached a seven-week low near $54,000, and officially entered the bear market territory. Bear markets are usually defined as A decrease of 20% or more from the recent highs.
Bitcoin is down more than 20% from its all-time high near $69,000, hit in early November.
باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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