Has the value of Bitcoin dropped in 2021?

The bitcoin has lost sharply this week since March 2020, falling sharply to 15%.

The world's most corrupt cryptocurrency, the bitcoin, lost sharply this week after March 2020 and fell by 15% this week.

According to a report by the foreign news agency Reuters, after the bitcoin remained stable at 30,000 in the Asian session, it fell 5% to 28,800.

What happened to Bitcoins March 2020?

It should be noted that earlier in March 2020, the bitcoin had suddenly lost its value by 33%.

A report released by BitMEX Research on the social networking site Twitter states that part of the bitcoin was spent twice, which reduced confidence in the technology.

The report said that the bitcoin had risen sharply in recent days, after which it was expected to come back down.

How much is the total Bitcoin market worth?

Kyle Roda, an analyst at IG Markets in Melbourne, said in the wake of the Butmax report: "You would not want to demand maximum rationality in such a market. Be as impractical and new as a bitcoin because it certainly has the potential to turn around.

He said, "People probably looked at it and thought it looked awful and amazing and now it's time to sell it.”

The bitcoin has fallen 30 per cent since hitting a high of 42,000 two weeks ago, raising concerns where it is becoming the focus of regulators.

During a Senate hearing Tuesday, Janet Yellen, the US Treasury chief elected by US President Joe Biden, expressed concern that cryptocurrencies could be used to finance illegal activities.

The hearing comes as European Central Bank President Christine Lagarde called for global regulation of the bitcoin last week.

The value of the currency rose more than 900 per cent in 2017 to close to 20,000 dollars but financial experts warned that the price could fall sharply.

Then it happened and in February 2021 the price went below 7,000.