Bitcoin drops below $24,000 for first time since December 2020
Finance
- 13 June, 2022
- 11:17
Add Report.az to preferred Google sources
Stay up to date with the top news!
Bitcoin fell by almost 13%, to $23,748, Report informs, citing Binance data.
According to Report, the last time such a drop was observed in December 2020.
Bitcoin was at $23,909 this morning.
Ethereum, the second largest cryptocurrency in the world, has fallen more than 8% to $1,176, its lowest since March 2021.
Global stock markets began to fall from Friday, June 10, after inflation in the US hit a new high. In March, the annual inflation in the US hit a 40-year high of 7.9%. Experts believe that the correlation between stock markets and bitcoin continues to gain momentum.
Latest News
08:30
ADB approves $302M loan for Baku Metro upgrade
Infrastructure
08:18
IMF forecasts 3.1% global economic growth in 2026
Economy
08:03
IMF expects Azerbaijan's economy to grow 2% on average in 2026-2027
Finance
07:51
IMF raises Azerbaijan's 2026-2027 current account surplus forecast
Finance
07:38
Azerbaijan says development cannot be sustained without traditional energy
Foreign policy
00:28
Ali Asadov sends congratulations to Morocco's first female head of government
Foreign policy
00:22
Azerbaijani wrestlers win two gold medals at Vladikavkaz tournament
Individual sports
23:35
Video
President Ilham Aliyev's social media accounts shared video on Cambodian Prime Minister's visit to Azerbaijan
Foreign policy
23:17
Parviz Shahbazov: Oil market stability also depends on safe energy deliveries
Energy