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[size=36]Newspaper: A storm of financial markets swept away a coin[/size]
Economy | 08:40 - 04/03/2020
Follow-up - Mawazine News
, the French newspaper Le Monde said that the famous cryptocurrency composition has not benefited from the losses caused by the Corona virus crisis last week in the markets, where it lost about 15% of its value and remained more volatile than the main stock indexes.
In an article by Lambert Agnès, the newspaper said that the price of the composition jumped in 2019 by 96%, away from the disappointing performance of 2018, when the most famous cryptocurrency lost 80% of its value.
With the price of forming a level of $ 8.6 thousand on February 26 (the price is currently around $ 8.8 thousand) the digital currency most popular in the world is far from the level of about twenty thousand dollars, the highest ever recorded in December 2017, the author says.
It adds that the storm that swept through the financial markets last week washed away a currency in Takween that lost 15% of its value, noting that these numbers testify to the extreme volatility in the price of this currency, which can earn or lose a thousand dollars in a few days.
The author called for a very careful approach in dealing with this currency, especially since the cryptocurrencies in general are surrounded by an aura, which are anonymous and untraceable, and they are often accused of using them to finance illegal activities such as drugs, the sale of weapons, and so on.
Moreover - the author adds - Bitquin is harmful to the climate because it consumes an enormous amount of electricity during "mining" operations, so it consumes only 0.4% of global electricity consumption, according to Cambridge University calculations. Ended 29 p.
, the French newspaper Le Monde said that the famous cryptocurrency composition has not benefited from the losses caused by the Corona virus crisis last week in the markets, where it lost about 15% of its value and remained more volatile than the main stock indexes.
In an article by Lambert Agnès, the newspaper said that the price of the composition jumped in 2019 by 96%, away from the disappointing performance of 2018, when the most famous cryptocurrency lost 80% of its value.
With the price of forming a level of $ 8.6 thousand on February 26 (the price is currently around $ 8.8 thousand) the digital currency most popular in the world is far from the level of about twenty thousand dollars, the highest ever recorded in December 2017, the author says.
It adds that the storm that swept through the financial markets last week washed away a currency in Takween that lost 15% of its value, noting that these numbers testify to the extreme volatility in the price of this currency, which can earn or lose a thousand dollars in a few days.
The author called for a very careful approach in dealing with this currency, especially since the cryptocurrencies in general are surrounded by an aura, which are anonymous and untraceable, and they are often accused of using them to finance illegal activities such as drugs, the sale of weapons, and so on.
Moreover - the author adds - Bitquin is harmful to the climate because it consumes an enormous amount of electricity during "mining" operations, so it consumes only 0.4% of global electricity consumption, according to Cambridge University calculations. Ended 29 p.
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