Bitcoin suffered heavy losses and its market value evaporated by more than a fifth.

Bitcoin has been hit hard, according to a British Guardian report from the 6th. And just a month ago, the Bitcoin exchange rate hit an all-time high.

Data Card (Visual China)

According to the report, the selling price of this cryptocurrency topped $ 68,000 in November of last year, and the price of Bitcoin is expected to rise by the end of this year due to market concerns over the various prices of assets such as gold and government bonds. . .

The market capitalization of Bitcoin, the world's largest digital currency, hit $ 1.1 trillion before falling last week, but since last month Bitcoin's value has not maintained its development.

Bitcoin's price rebounded last Saturday, falling 22% from its temporary low of $ 53,890 to $ 41,967. The exchange rate on Monday was $ 48,600, the lowest level since October of last year.

The report notes that although this cryptocurrency was recently traded, its value is still several times higher than it was five years ago.

Analysts at UBS (UBS) assessed the fall last week on a number of factors, including the uncertainty that cryptocurrency traders will face questions from the U.S. board of directors on Wednesday.

According to the report, as the value of Bitcoin declines, other "other gains" such as Ethereum have also fallen. Ethereum crossed $ 4,600 on Friday night, but only over $ 4,000 on Monday afternoon.