The Capital
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The Capital

Why The Cryptocurrency Prices are Falling?

Bitcoin has reached a three-month low in the past week, dropping by around 10%. On January 7, the cryptocurrency slumped by 5% lowest since last September. Bitcoin touched a record high of $69,000 in November last year and has lost 40% since then.

Image Source:Getty Image

Concerns of Evergrande collapse followed the drop in the two most oversized crypto tokens, BTC and ETH, the crypto market dipped by 4.2 per cent…

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