2023-08-19 22:03:27
“Bitcoin” fell due to the pressure of risk aversion controlling the sentiment of global markets, and the news of the liquidation of billionaire Elon Musk’s “SpaceX” holding of the cryptocurrency.
The price of the world’s largest cryptocurrency by market value fell 12%, within 7 days, to trade at $25.9 thousand, the day before yesterday.
Despite the declines, “Bitcoin” has gained 55% since the beginning of 2023.
The largest cryptocurrency by market value fell last Thursday, by more than 9%, to regarding $25,143, the lowest price in two months, before rising once more, as it was negatively affected by a report published by the Wall Street Journal, stating that SpaceX Billionaire Elon Musk sold all of its Bitcoin holdings, exacerbating concerns regarding cryptocurrency.
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