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Bitcoin price tumbles 11% in 24 hours

Bitcoin over the previous day in US dollars. The cost has decreased from $62,300 to $61,998 (an 11% decrease). Given the size of the decrease, investors in Bitcoin and other cryptocurrencies are probably interested in learning more.

The price of bitcoin has fluctuated recently. In November 2021, it peaked at $69,000, but since then, it has dropped by over 10%. Although the causes of the recent drop in the price of Bitcoin are complicated, some possibilities include growing interest rates, more regulation, and worries about inflation.

It is crucial to remember that the price of Bitcoin is quite erratic and may rise or fall in the future. Before investing in Bitcoin, investors should be informed of the hazards associated with it.

Source (CNBC)

SourceCNBC
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