Bitcoin’s devaluation trend continued today’s downtrend with it plunging to RM 89,104 which is lower than RM104,424 recorded just two days ago. The value of Bitcoin and some major cryptocurrencies has yet to show it will recover in the near future.
Global economic uncertainty, rising cost of living, inflation and many other factors are causing investors to sell their holdings of cryptocurrencies now. This has caused the value of major cryptocurrencies to plummet since the beginning of the year. Even so there are still many who see this as the best time to buy Bitcoin in the hopes that it will increase all over as it has gone a few times before.
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BUSINESS & MONEY