• About
  • Advertise
  • Contact
Tuesday, July 5, 2022
  • Login
WRITE FOR US
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
No Result
View All Result
Economy.pk
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
Economy.pk
Home Business

Bitcoin value falls to 14% after hitting All-Time Highs

byMuhamad Arshad
April 19, 2021
in Business, Finance
Reading Time: 1 min read
0
Bitcoin
312
SHARES
861
VIEWS
Share on FacebookShare on Twitter

Bitcoin the most famous cryptocurrency of the world on Sunday dropped as much as 14% to $51,541 reversing back to the previous Weeks’s high gains.

As of 1320 GMT, bitcoin was down ten percent at $53,991, a whopping $12,000 below Wednesday’s record highs. Ether, a smaller rival coin connected to the Ethereum blockchain network, fell 10% to $2,101.

RelatedPosts

Govt asked to shun cars over 1000cc

ML-1 cost increases to $9.8 billion

PKR depreciates by Rs2.38 in interbank

The selloff was regarded to a blackout in China’s Xinjiang region, which reportedly powers a lot of bitcoin mining.

People “may have sold on the news of the power outage in China and not the effect it actually had on the network,” said Luke Sully, CEO of digital asset treasury specialist Ledgermatic, in an email.

Regardless of the drop in value, bitcoin is still up 89 percent in 2021, owing to its widespread adoption as an investment and a form of payment, as well as a flood of retail money into stocks, exchange-traded funds, and other risky assets.

Tags: BitCoinblackoutChina’s Xinjiang regionCryptocurrency
Muhamad Arshad

Muhamad Arshad

Related Posts

Govt asked to shun cars over 1000cc

Govt asked to shun cars over 1000cc

As the country faces serious economic and energy crises, traders have called upon the government to ban the import and...

ML-1 cost soars to $9.8b

ML-1 cost increases to $9.8 billion

On Monday, the Senate Standing Committee on Railways was informed that the cost of upgrading Karachi to Peshawar Main Line-1...

Next Post
smartphone

TCL Plans to launch world’s first foldable and rollable smartphone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

British High Commissioner Christian Turner meets Imran Khan

British High Commissioner Christian Turner meets Imran Khan

Govt asked to shun cars over 1000cc

Govt asked to shun cars over 1000cc

ML-1 cost soars to $9.8b

ML-1 cost increases to $9.8 billion

PKR depreciates by Rs2.38 in interbank

PKR depreciates by Rs2.38 in interbank

Pakistan’s microfinance institution launches term finance certificates of $4.9 million

Pakistan’s microfinance institution launches term finance certificates of $4.9 million

Indian Airline plane makes ‘emergency landing’ in Karachi

Indian Airline plane makes ‘emergency landing’ in Karachi

Connect with us

Twitter

Economy.pk

Economy.pk touches diverse topics with a lighter note and is geared toward audiences with various interests and all ages. Come and explore Economy.pk. Ample details and analysis are provided in extraordinarily readable manner making them compelling and interesting at the same time.

Category

  • World
  • Politics
  • Business
  • Technology
  • Education
  • Health
  • Life & Style
  • Opinions

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

Sitelinks

  • Sitemap

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Contact

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

  • LATEST
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Canada
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2022 All Rights Reserved Economy.pk | Designed & Developed by Digital Otters

No Result
View All Result

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In