© Reuters Bitcoin closes the first half of 2022 with losses of 60%
Madrid, June 30 (.).- The , the best-known cryptocurrency in the market, continues in free fall and this Thursday barely exceeds 19,000 dollars, with which it will close the first half of the year with losses of almost 60% of its value, according to data from Bloomberg consulted by Efe.
Likewise, the accumulated fall from the maximum reached last November, when bitcoin touched 69,000 dollars, reaches 72%.
In the middle of the session this Thursday, bitcoin fell almost 6%, to $19,000, which represents that loss of almost 60% compared to the more than $46,700 at which it was trading at the beginning of the year.
Bitcoin falls again for the fourth consecutive day, and it does so more strongly today after the presidents of the US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England yesterday were determined to control the inflation using, if necessary, all the tools at your disposal.
Analysts explain that the collapse registered by the cryptocurrency is due to the tightening of the monetary policies of the central banks, with the consequent fear of the markets of a recession.
It also responds to the measures adopted by several companies in the sector in the face of fear of a “crypto winter” (a prolonged period of falling prices), which have generated mistrust among users.
The volatile and bearish context of the last month caused platforms such as Network to limit operations and Binance – the most used platform in the world to buy and sell cryptocurrencies – to suspend all Bitcoin withdrawals due to a technical problem.
Other companies in the sector such as Coinbase (NASDAQ:) and Gemini announced headcount reductions of 10% and 18%, respectively, and warned of the arrival of a winter for cryptocurrencies.
Ether, the second best-known cryptocurrency on the market, also plummeted 8% this day.
In the year, the loss is 73%, marking a value slightly higher than 1,000 dollars.