she wore Bitcoin To above $ 20 thousand, in trading, today, Sunday, but it is still recording losses in the last 24 hours.
The digital currency, which led to its decline by regarding 60%, fell from its highest level this year.
In its latest trading, Bitcoin, the world’s largest and most popular cryptocurrency, fell 0.96% to $20016 on Sunday.
Bitcoin is down 58.7% from this year’s high of $48,234 hit on March 28, according to Archyde.com.
Meanwhile, Ether, the second largest cryptocurrency, fell 1.09%, to $1,488.
Bitcoin’s decline comes following a weak day for the currency on Friday, as it fell as Wall Street fell and its three major indices closed down more than 3%.
In an interview with “Al Arabiya,” Coin Mina’s founding partner, Talal Al-Tabbaa, said that raising interest rates has an impact on the stock market and digital currencies, pointing to a decrease in the value of high-risk assets following statements by Federal Reserve Chairman Jerome Powell on monetary tightening plans.
Al-Tabbaa added that the least 5% in the world use digital currencies, compared to 2% years ago.
He pointed out that 65% of Bitcoin did not move in the last year, explaining that it has similar specifications to gold in terms of trading.
