World’s largest Cryptocurrency Collapsed

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Image Source : CNBC

According to data collated from the website Coindesk, the world’s largest crypto currency fell as much as 6.4% to $ 29,614. Bitcoin tumbled over 10% on Monday, it’s largest one day drop in over a month. The falling market is sparked by the People’s Bank of China asking every bank to stop transactions in cryptocurrency. Prices of Bitcoin have gone down below $30,000 for the first time in the last 5 months. Other currencies like Ether was down to 10%, Dogecoin was down to 25%. Bitcoin has plummeted by more than half from its April peak of almost $65,000.

Kunal Kushwaha is the Founder of Surkhiyaa. He is an aspiring journalist who looks forward to provide unbiased and precise information. He strives to create Surkhiyaa as a platform that acknowledges core journalistic ethics. Kunal Kushwaha can be reached out kkunal.kushwaha.17@gmail.com

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