The value of bitcoin fell below $ 33,000. Virtual currency represents about a third of the cryptocurrency market, and its lower price affects other “coins”.
Just a few months ago, in November 2021, a bitcoin was trading for over $ 67,000.
The decline in the value of digital assets is taking place against the background of a general decline in stock markets around the world.
With more traditional investors trading digital assets, cryptocurrencies are increasingly following global stock market movements. Many institutional investors who buy cryptocurrencies treat them as risky assets, similar to technology stocks. In times of market uncertainty, traditional investors often sell what they consider to be riskier assets and will transfer their money to safer investments.
–
