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The price of the digital currency, Bitcoin, plunged heavily on Thursday to lose more than 6% of its value, moving further and further away from the record it broke in early January.
Bitcoin’s unit price rose to $ 33,286.
According to Sky News, Bitcoin lost 6.2% of its value from the previous session on Wednesday when it was in the range of $ 35,000.
On January 9, the digital currency hit an all-time high, when its value exceeded $ 41,000.
Growing demand from institutions, businesses, and more recently individual investors has spurred the boom in Bitcoin as they are drawn to the prospect of a quick gain in a world of extremely low yields and interest rates. negative.
Despite this tremendous rise, balanced economic institutions such as the British Financial Supervision Authority have warned investors in this currency to lose all their money.
The UK’s Financial Conduct Authority has said that dealers investing in the cryptocurrency market “should be prepared to lose all of their money”, given that there are many risks surrounding this type of currency.
The coin was founded by Satoshi Nakamoto, whose name first appeared after the idea of a Bitcoin was announced in 2009.
The owner of that name quickly faded from the Bitcoin development scene in 2010, having handed over all of his currency development tasks and main website to the most active volunteers in the Bitcoin community.
Bitcoin is the world’s most popular digital currency.
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