The bitcoin currency fell Saturday, June 18, by 5.4% to reach levels of $ 19,396, which is the first time it has fallen below $ 20 thousand since 2020.
While the price of “Bitcoin”, the largest and most famous digital currency in the world, witnessed a sharp decline last week by 11.55 The market value of Bitcoin declined during today’s trading to reach $431,165 billion, compared to $485.41 billion at the close of trading last week.
Bitcoin also lost value last Monday after Celsius, a US crypto lender, froze withdrawals and transfers due to “difficult conditions” in the latest sign of the financial market turmoil that has hit the cryptocurrency world.
value of BITCOIN fell below $34,000 last May, meaning that the first cryptocurrency in terms of market value has fallen by 50% since it reached its highest level last November.
Because the value of Bitcoin is about a third of the value of digital currencies around the world, with a total of about $ 640 billion, the Celsius measure caused a decline in digital currencies, as its value fell below a trillion dollars for the first time since January of last year, which led to a 14% decline in the value of The largest digital currency BITCOIN.
