Bitcoin loses 12.5% ​​of its value in 24 hours

Bitcoin suffered a large loss in the trading today, Wednesday, at 12.5%, as it fell below $ 19,000 for the first time since October 2021.

According to what Al-Arabiya Net read on the “coinmarketcap” website, Bitcoin was trading at $ 18,350 at 19 GMT, with losses of 12.5%, in the last 24 hours of trading.

This is the biggest drop since the August 2019 losses.

This drop pushed Bitcoin’s market value to $ 354.7 billion, compared to its highest market value ever, at $ 1 trillion 275.5 billion.

This is the most violent drop recently, after a new report showed that the cryptocurrency “Bitcoin” became less volatile and more stable for the first time than the US “Nasdaq” and “S&P 500” New York indices, which indicates the volume of fluctuations and changes in global markets due to current and unprecedented economic conditions. However, these fluctuations bring to mind the stable idea that investors have violent fluctuations in cryptocurrencies, including the “Bitcoin” currency.

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