Reuters
An expert revealed the reason behind the recent decline of “Bitcoin”, the most famous currency in the world, which had witnessed a remarkable rise in the past months.
Gleb Kostarev, director of Binance, which is the largest exchange in terms of trading volume in cryptocurrencies in Russia, said that the decline in the price of the “bitcoin” currency is most likely due to the desire of major investors to sell to reap profits.
On Friday, the “Bitcoin” currency fell below the $ 30,000 level, for the first time since January 5.
Today, Bitcoin is heading to record its worst weekly decline since September 2020, as concerns about regulation and its excessive rise have led to its retreat from record highs recently reached.
Source: Novosti
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