Bitcoin currency has lost nearly half of its value since its peak last November, as the price of the cryptocurrency continues to decline as major economies look to curb its growing popularity.
The market witnessed a shocking start to this year, as losses affected all digital currencies that are currently being traded, and these losses come as investors continue to feel anxious about the crises plaguing the global economy at the present time, especially the high inflation crisis.
The rise in global inflation and its record levels are pushing all central banks around the world to tighten fiscal and monetary policy, which means raising interest rates, which is one of the important aspects of investment in light of the current state of volatility, and there is no indication that it will end in the medium and near term. At the same time, governments continue to crack down on the cryptocurrency market.
Adapted from Independent Arabia Website