New Delhi: The value of the cryptocurrency Bitcoin fell for the 12th day in a row. The value went below $ 17,600.
Bitcoin is the most popular cryptocurrency. Tens of thousands of people around the world are involved in cryptocurrency investment based business. In this case, the value of bitcoin has plummeted. It fell about 15 percent to $ 17,599 on Saturday. However, the value of bitcoin in Singapore has recovered from the decline on Sunday.
This was attributed to the collapse of Terra Blockchain last month and the suspension of Bitcoin transactions by Celsius Network Limited. Another financial institution seems to have followed in the footsteps of Celsius. This is the main reason for the sudden decline of Don Bitcoin.
Another type of ether in cryptocurrency fell 19 percent. Cardano, solana, tocopherol and polka dot are reported to have fallen by 12 to 14 per cent. Apart from this, other cryptocurrency values are also reported to have declined.