What’s behind the sharp drop in Bitcoin’s value?
The price of the cryptocurrency recently dipped below $20,000, its lowest level since November 2020.
The chaos in crypto markets has continued and many digital currencies have seen their value reach zero.
That’s knocked a lot of confidence out of the market, creating a domino effect reaching all the way to the top. The price of Bitcoin, the world’s largest cryptocurrency, recently dipped below $20,000 for the first time since November 2020.
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As investors become increasingly nervous, more have been selling off their coins.
What does that tell us about the future of the digital currency?
Presenter: Sami Zeidan
Guests
Aly-Khan Satchu – Investor and CEO at Rich Management
Naeem Aslam – Chief market analyst at AvaTrade
Brian Lucey – Professor of international finance and commodities at Trinity Business School