Bitcoin has lost half its value since hitting record high in Nov

Bitcoin's decline from its peak has wiped out more than $600 bn in market value, and over $1 trn has been lost from the aggregate crypto market

Premium

Photo: Bloomberg

2 min read Last Updated : Jan 22 2022 | 5:45 PM IST

Bitcoin extended its decline on Saturday, and has shed more than 50% from its record high in November while adding further momentum to the meltdown in cryptocurrencies.

“Margin positions being liquidated

Topics : Bitcoin falls

First Published: Jan 22 2022 | 5:44 PM IST

Explore News

Stock Market Live Updates Rajya Sabha Passes Women's Reservation Bill Stock To Watch Today Latest News Live Indi vs Aus ODI Playing 11 Apple's iPhone 15 Sale Parliament special session LIVE Gold-Silver Price Expendables 4 Glenmark Pharma Share

Companies News

Apple outpaces Samsung to become largest smartphone exporter from India Apple's iPhone 15 goes on sale today, long queues outside Mumbai store

Election News

Telangana IT Minister K T Rama Rao accuses PM Modi of misleading youth Court rejects Ashok Gehlot's acquittal plea in defamation case by Shekhawat

India News

Parliament special session: Rajya Sabha passes women's reservation Bill Parliament special session LIVE: LS logged 132% productivity, says Om Birla

Economy News

Discussion underway to ease FDI norms in space sector, says official India unlikely to export sugar in 2023-2024, says ED&F Man Commodities

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Continue

Bitcoin has lost half its value since hitting record high in Nov

Bitcoin's decline from its peak has wiped out more than $600 bn in market value, and over $1 trn has been lost from the aggregate crypto market

Also Read

Paying for Taco Bell with Dogecoin, Bitcoin may soon be a reality

Bitcoin crashes as El Salvador rollout falters: Check details here

Musk says Tesla will accept Dogecoin for merchandise, crypto jumps 24%

What does the road ahead for cryptocurrencies look like in India?

Cryptocurrency prices tumble and exchange trading falters as snags crop up

Global crypto market suffers $1-trillion loss as Bitcoin crashes

Bitcoin slips below $40,000 amid regulatory threats

Crypto.com loses $35 million in hack involving 483 users on its platform

Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug

Crypto platform Stader Labs raises $12.5 mn on $450 mn valuation

Explore News