Bitcoin falls to its lowest level in 10 months

The world’s first digital currency fell to its lowest level since July 2021, to continue its losses for the fifth consecutive session, with the continued decline of stock markets in harming cryptocurrencies, which are currently traded in line with the so-called more risky assets such as technology stocks.

Bitcoin has fallen to $3,2763.16, and bitcoin is down 13% so far in May, losing more than half its value since hitting an all-time high of $69,000 in November last year. Ether, the second largest cryptocurrency in the world, fell to $2,360 today, its lowest level since late February, and the Nasdaq recorded losses of 1.5% last week, and over the year it is down 22% so far.