Bitcoin, the largest digital currency, fell more than 9 percent in one day to its lowest level in 18 months at $ 23,950, Reuters reported on Monday, June 13, 2022.
Where the most popular digital currency fell to $ 23,950, a decrease of 65% compared to the highest levels recorded in November 2021 and the lowest levels in December 2020.
Meanwhile, according to CoinMarketCap, the market value of digital currencies on Monday fell below $ 1 trillion for the first time since January 2021, reaching $ 926 billion.
CNBC quoted Scott Maynard, chief investment officer at Guggenheim Financial, as saying that bitcoin was expected to fall further, to about $ 8,000, which would deepen the market’s losses as This is a “significant drop” in it. Value.
“When you get below 30,000, $ 8,000 will be the end result, so I think we have more room for decline, especially when the Federal Reserve is closed,” Maynard told the network.
Maynard also predicted that most digital currencies would be “junk”, but that bitcoin and atrium would “survive”.
Source: Lebanon Debate
