Bitcoin loses $600 billion in market value

Bitcoin, the largest digital cryptocurrency, continued its decline, today, Saturday, and has now lost more than 50% of its record high level, which it achieved last November.

Bitcoin, which has been in decline since hitting a record, has lost more than $600 billion in market value and more than $1 trillion in the overall crypto market, according to Bloomberg News today.

While there has been a significant percentage decline, for both bitcoin and the overall market, that is the second-largest decline ever, in dollar terms, for the two, according to Pescope Investment Group.

The value of the bitcoin fell by 7.2 percent, to $34,42, on Saturday.

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