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Bitcoin has lost half its value this weekend, reaching under $ 34,000 in the largest US cryptocurrency service by volume of trading, Coinbase.
The world’s leading digital payment system in terms of market value has now fallen by 50%, compared to its peak in November last year.
The decline in the value of digital assets comes at a time when even the world stock markets are declining. Bitcoin accounts for about a third of the cryptocurrency market, with a total value of $ 636 billion.
Ethereum, the world’s second largest cryptocurrency, has also fallen in value, by more than 10% in the last week. There are over 5,000 different cryptocurrencies in the world, but the most popular remain Bitcoin and Ethereum. The person needs a “portfolio”, or an online application, through which he transfers real money for the purchase of cryptocurrencies.
The cryptocurrency trade has been dominated for years by individual investors, but, more recently, the market has also seen an influx of professional investors, such as money managers and hedge funds.
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