Bitcoin at $ 39,000 and market losses of over $ 300 billion

The world's most expensive digital currency, "Bitcoin", on Wednesday morning disappointed investors 'hopes and analysts' expectations, falling to 39 thousand dollars for the first time since last February, to take on its way dozens of digital currencies, and by yesterday the market suffered losses of more than 300 billion dollars.

And with this morning UAE time, Bitcoin recorded 39 thousand dollars, equivalent to negative 13%, compared to Tuesday's price.

The top ten most traded currencies, led by Ethereum and BNP, also declined by minus 16 and minus 19%, respectively.

Trading platforms tried to reassure investors about what is happening in the cryptocurrency market, as the most famous platform in the world, Binance, described what is happening as a "price correction" process, but it does not know with certainty when it ends or when prices reach the bottom, saying "that the only certain fact in The cryptocurrency market is "volatility."

Emirates Today monitored the reactions of a large number of Arab investors in digital currencies who tweeted negative tweets about their exposure to large losses in their portfolios as a result of bitcoin declines, while some blamed the American billionaire Elon Musk, whose tweet related to the harmful impact of cryptocurrency mining contributed to On the environment, the market slows down and pushed many into an unprecedented wave of selling since 2018.

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