Bitcoin price drops 2.26%

Subscribe to Al Diyar YouTube channel for free The price of the digital currency Bitcoin fell today, Tuesday, which affected other digital currencies, led by the most famous digital currency in the world, Bitcoin.

The price of Bitcoin (the most popular cryptocurrency in the world) decreased by 2.26% to $42221.06.

Cryptocurrencies, especially Bitcoin, have also enjoyed the strong support of the American billionaire and CEO of the American electric car maker Tesla, Elon Musk.

Musk reiterated, “Tesla is still open to dealing with bitcoin despite environmental concerns about high energy consumption,” noting that Tesla will likely accept bitcoin in the future as a payment method.

And “Bitcoin” had been subjected to a downtrend for several weeks, to decline from its high recorded in mid-April at 65,000 dollars, but it spent a week in which it compensated some of its losses supported by the supportive comments from Elon Musk and Kathy Wood, which took it out of the bearish trend, in addition to “Amazon” ads. About the functions of crypto-assets and the movement of speculation on them.

Market watchers had indicated that the $40,000 was an important turning point in the march of the largest cryptocurrency.

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