{"id":7666,"date":"2022-05-09T14:12:43","date_gmt":"2022-05-09T14:12:43","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak"},"modified":"2022-05-09T17:05:33","modified_gmt":"2022-05-09T17:05:33","slug":"bitcoin-value-drops-by-50-since-november-peak","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak","title":{"rendered":"Bitcoin value drops by 50% since November peak"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (\u00a327,630), according to the Coinbase cryptocurrency exchange.<\/b><\/p>\n

The world’s largest cryptocurrency by market value has now fallen by 50% since its peak in November last year.<\/p>\n

The slide in the value of digital assets comes as stock markets around the world also dropped in recent days.<\/p>\n

On Monday, some Asian markets headed lower again with Japan’s benchmark Nikkei index down by around 2.5%.<\/p>\n

Bitcoin accounts for about a third of the cryptocurrency market with a total value of close to $640bn.<\/p>\n

Ethereum, the second biggest cryptocurrency in the world, has also fallen in value, down by more than 10% in the last week.<\/p>\n

Gucci stores to accept cryptocurrencies in US<\/p>\n

Bitcoin becomes official currency in CAR<\/p>\n

Although much of 2022 had been relatively quiet for the cryptocurrency market, volatile trading in digital assets has not been that unusual in previous years.<\/p>\n

Trading was dominated for years by individual investors, but more recently the market has seen an influx of professional investors, such as hedge funds and money managers.<\/p>\n

With more traditional investors trading digital assets, cryptocurrencies have increasingly followed the movements of global stock markets.<\/p>\n

Many of the institutional investors that buy cryptocurrencies treat them as risk assets, similar to technology stocks.<\/p>\n

In times of market uncertainty traditional investors will often sell what they see as riskier assets and move their money into safer investments.<\/p>\n

Last week, central banks around the world, including the US, UK and Australia, raised interest rates as they attempt to tackle rising prices.<\/p>\n

The US Federal Reserve raised its key lending rate by half a percentage point, marking its biggest rate hike in more than 20 years.<\/p>\n

That has triggered more concerns among some investors that inflation and the higher cost of borrowing could have a major impact on global economic growth.<\/p>\n

Investors are also worried about the impact of the war in Ukraine on the world economy.<\/p>\n

Meanwhile, in the last year Bitcoin has become legal tender in two countries – El Salvador and the Central African Republic.<\/p>\n

Since El Salvador said it would allow consumers to use the cryptocurrency in all transactions, alongside the US dollar, the International Monetary Fund has urged it to reverse its decision.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (\u00a327,630), according to the Coinbase cryptocurrency exchange. The world’s largest cryptocurrency by market value has now fallen by 50% since its peak in November last year. The slide in the value of digital assets comes as stock […]<\/p>\n","protected":false},"author":84,"featured_media":7665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9,16],"tags":[233,337,329],"class_list":["post-7666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","category-twitter","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nBitcoin value drops by 50% since November peak - Angola<\/title>\n<meta name=\"description\" content=\"The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (\u00a327,630), according to the Coinb ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin value drops by 50% since November peak\" \/>\n<meta property=\"og:description\" content=\"The value of Bitcoin continued to fall over the weekend as it dropped below $34,000 (\u00a327,630), according to the Coinb ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T14:12:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-09T17:05:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/05\/img-627949c2c7c46.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bitcoin value drops by 50% since November peak\",\"datePublished\":\"2022-05-09T14:12:43+00:00\",\"dateModified\":\"2022-05-09T17:05:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/05\/img-627949c2c7c46.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/bitcoin-value-drops-by-50-since-november-peak\",\"name\":\"Bitcoin value drops by 50% since November peak - 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