Bitcoin Price Has Lost Half Its Value—Again
- Date: 24-Jan-2022
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Bitcoin Price Has Lost Half Its Value—Again
Bitcoin extended its tumble on Monday, and has now fallen by half from its record high.
The cryptocurrency has declined for six out of the last seven days, retreating nearly 10% on Monday, compared to its level at 5 p.m. on Friday. It traded for as little as $33,046, its lowest level since July, according to data from CoinDesk. Bitcoin’s record high was reached on Nov. 8 at $68,990.90.
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