Bitcoin prices continue to fall. It dropped below $34,000 last week, the lowest since January. News Reuters.
Traditional and institutional investors are losing confidence in the digital currency, the report said. According to the BBC, these investors are not in a position to trust over the bitcoins in the transaction. They don’t really want to take risks.
The price of Bitcoin dropped to $32,951 in January. If the price goes down, it will be less than that in July last year.
In other news, the market value of cryptocurrency has fallen by more than 50 percent since November last year.
The Ukraine war has had a major impact on the world economy, with rising inflation around the world. So investors do not want to take any risk in their investment. Instead they are focusing on the stock market.
