Bitcoin drops 6.7% in value, drops to lowest level since 2020

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Bitcoin was approaching its lowest level since 2020 on Monday morning. Cryptocurrency investors seem to be preparing for global measures to counter record inflation.

Bitcoin’s value fell 6.7% on Monday to $18,500. Other cryptocurrencies suffered the same fate: Ether fell below $1,300 for the first time in two months. XRP and polkadot saw even bigger losses. The value of all 21,000 virtual currencies has fallen to about $900 billion.



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