Bitcoin's value plunged to RM104,424 - less than half of last November's peak value

 The value of the Bitcoin cryptocurrency plunged again today to the level of RM 104,424 at the time this article was written. This is more than half the highest value of RM 280,805 recorded by Bitcoin in early November last year. The devaluation of Bitcoin today also caused the value of other cryptocurrencies such as Etehereum and Solana to plummet.

The value of Bitcoin plummeted up to 22% in just five days. Investors are starting to let go of their crypto holdings due to rising inflation rates. The year 2022 is quite a challenging year for crypto investors. NFT fever at the beginning of the year increased its value sharply and the crisis in Ukraine caused it to fall again.