Bitcoin Falls to its Lowest Since December 2020

Things are not looking up for cryptocurrency investors. 

Prices continue to fall and it is not about to stop. 

Bitcoin, the king of digital currencies, has just fallen to its lowest level for a year and a half. Bitcoin was trading around $25,344.41 at the time of writing, according to data firm CoinGecko. Earlier, prices had fallen to $24,903.49, levels not seen since December 2020. 

The digital currency has lost more than 62.9% of its value since its all-time high set last November at $69,044.77.

Overall, the crypto market has lost $2 trillion since November and has a market value of $1.07 trillion now, compared to $3 trillion just eight months ago.