Bitcoin recorded the worst weekly performance in 2023

2023-05-13 15:42:00

According to the American network, the largest cryptocurrency by market value ended the week’s trading, down by 2.58%, to $26,181, following it recorded the lowest level since the seventeenth of March, at $25,833 during the session.

Over the course of the week, Bitcoin recorded losses of regarding 11.25%, which is the largest weekly loss since the eleventh of last November.. The cryptocurrency market is facing a number of problems, including lack of liquidity and the campaign launched by regulators in America, in addition to macroeconomic concerns.

The cryptocurrency also faced a number of negative news throughout the week, including incorrect rumors that the US government is selling its Bitcoin holdings.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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