{"id":17639,"date":"2022-01-11T12:06:40","date_gmt":"2022-01-11T17:06:40","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=17639"},"modified":"2022-01-12T11:48:54","modified_gmt":"2022-01-12T16:48:54","slug":"bitcoin-falls-below-40000-mark-on-monday","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/bitcoin-falls-below-40000-mark-on-monday\/","title":{"rendered":"Bitcoin Falls Below $40,000 Mark On Monday"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">On Monday, bitcoin slipped more than 5% to $39,558, its lowest level since August 5.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin&#8217;s fall means the cryptocurrency has lost more than 40% of its value since hitting a record high of $69,000 in November.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cryptocurrency market is largely unregulated, and investments in cryptocurrencies are highly speculative. The volatility of cryptocurrencies remains a stumbling block to its growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Experts are calling for more regulation to manage the numerous transactions and trading in cryptocurrencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cryptocurrencies have had a miserable start to the year, with bitcoin losing $1 trillion in value since its peak in November.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the reasons for this decline is the U.S. Federal Reserve&#8217;s decision to raise interest rates in March.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This will help fight inflation, which has led to a rapid sell-off of Bitcoin and other cryptocurrencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Crypto-hash rates in the Central Asian country of Kazakhstan have also fallen by around 13 per cent as a result of the internet shutdown.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/technology\/bitcoin-falls-under-40000-5-month-low-2022-01-10\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>On Monday, bitcoin slipped more than 5% to $39,558, its lowest level since August 5.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-17639","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/17639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=17639"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/17639\/revisions"}],"predecessor-version":[{"id":17680,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/17639\/revisions\/17680"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=17639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=17639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=17639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}