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Bitcoin: The largest digital currency loses half its value in seven months

May 9, 2022

picture released, Getty Images

Over the past two days, the value of Bitcoin has fallen below $34,000, according to cryptocurrency exchange Coinbase.

Thus, the first digital currency in terms of market value has fallen by 50 percent since it recorded its highest level last November.

The decline in the value of digital currencies coincides with a decline in stock markets around the world during the past days.

Indices in some Asian markets fell again on Monday. In Japan, the Nikkei stock index fell by about 2.5 percent.

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