The current fall in the value of Bitcoin is associated with the publication of data on high inflation in the United States.
The exchange rate of the world’s most popular cryptocurrency, Bitcoin, has fallen sharply. This was confirmed by data from the CoinDesk exchange on Thursday, May 12th.
At 10:30 am ET, Bitcoin was down 14.83% and trading at $ 25,973. At the same time, the lowest cryptocurrency price in the last 24 hours was $ 25,972, and the maximum was $ 32,132.
The volume of Bitcoin market capitalization dropped below $ 495 billion.
The current Bitcoin exchange rate is the lowest since December 2020. At the same time, on November 10, 2021, the cryptocurrency was worth a record 69 thousand dollars.
According to market analysts, the fall in the value of Bitcoin was associated with the publication of inflation data in the United States for April (8.3%), which remains at a 40 -year high. Such data neglects investors in risky assets, including cryptocurrencies.
Earlier, the world’s largest cryptocurrency exchange Binance blocked the accounts of Russian Foreign Minister Sergei Lavrov’s stepdaughter Polina Kovaleva, as well as Putin’s press secretary Dmitry Peskov’s daughter Elizaveta Peskova.
CAR authorities recognize bitcoin as the official method of payment
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Source: korrespondent
