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Reuters
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An expert has revealed the reason for the recent decline of “Bitcoin”, the world’s most famous currency, which has seen a remarkable rise in recent months.
Gleb Kostarev, director of Binance, which is the largest exchange in terms of volume of cryptocurrency trading in Russia, said that the drop in the price of “bitcoin” currency is most likely due to the desire of major investors to sell for a profit.
On Friday, the “Bitcoin” currency fell below the $ 30,000 level, for the first time since January 5.
Today, Bitcoin is set to record its worst weekly drop since September 2020, as concerns about regulation and its excessive rise led to its withdrawal from recent highs.
Source: Novosti
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