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Bitcoin falls to record low

Date: 08 January 2022 Tags: Miscellaneous
  • Bitcoin slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies.
  • The world’s biggest cryptocurrency has lost over 40% since hitting a record high of $69,000 in November and the volatility that has plagued it since its birth 13 years ago remains stubbornly present.
  • The global computing power of the bitcoin network has dropped sharply this week following the shutdown of Kazakhstan’s internet as an uprising hit the country’s fast-growing cryptocurrency mining industry.