The price of virtual currencies is declining, affected by the events...

Kazakhstan is one of the most prominent cryptocurrency mining capitals

Today, Sunday, virtual currencies continued to record declines for nearly two weeks, and this is for several reasons, most notably the events in Kazakhstan, which is one of the most prominent capitals for mining virtual currencies. Bitcoin reached below 42,000 dollars per unit from a level that the digital currency has not witnessed since last September.

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The value of Bitcoin, the world’s main cryptocurrency, declined by 4.9 percent to reach $41,008, which represents a decline of about 40 percent from the price of $69,000 per bitcoin, Bloomberg News Agency reported.

At the same time, the value of the encrypted digital currency, Ether, the second largest cryptocurrency, fell by up to 9 percent, its lowest level since September 30.

Kazakhstan is the second largest virtual currency mining capital led by Bitcoin, at a time when the Internet has seen interruptions during the past week, from the government.

For more than a week, Kazakhstan has witnessed violence resulting from the rise in prices of major commodities in addition to fuel, while the country is a major oil producer with an average of 1.5 million barrels per day.





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