BBCNEWS World Business Report June 4, 2024 05:36:00
Crypto currencies is often seen like a roller—coaster, with the price of bitcoin and other digital tokens rising and falling dramatically. but in 2022 and has only really been going in one direction, down. around october time, where one bitcoin cost around $70,000. now it is 18,000. that is a 70% drop. so what's been happening? it is a bit of a cocktail of self—inflicted harm in the industry, and global macroeconomic factors. firstly, financial pressures around the world have led to people and investment firms pulling back from their crypto bets or minimising them. that might have been wha...