Economy

Weakened bitcoin loses more than 10% in a week Financial

The cryptocurrency lost another 4% on Bitcoin platform Coindesk on Monday with a fall to $ 8776. A week earlier, the $ 10,000 mark was almost tapped.

Despite the recent downturn in bitcoin, interest in the digital currency has sparked further among smaller investors. The number of households worldwide trading in the crypto currency has increased to a peak of nearly 8.5 million, according to research.

Earlier this year, bitcoin crashed as a result of the flight of cash investors in response to concerns about the global outbreak of the corona virus. The value of cryptocurrency even fell below $ 5000.

From the low point in mid-March, a strong recovery movement of the crypto currency followed. Investors became warm to bitcoin during that period, so that the value doubled again in early May.

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