The value of the bitcoin plummeted to less than ہزار 30,000

Traditional investors are withdrawing their capital from volatile assets such as bitcoins and other digital tokens.

The value of the cryptocurrency bitcoin has fallen by ہزار 30,000.  

the value of the bitcoin fell sharply for the first time since July 2021 on Tuesday. 

The Bitcoin market fell to 30 30,000 after falling to 29 29,764 on Tuesday. 

The value of the bitcoin has risen to just over half since its rise in November last year. 

In November, the bitcoin hit a record high of 69 69,000. Those interested in cryptocurrencies see the bitcoin as a barrier to inflation, while traditional investors see it as a risky asset. 

The United States is raising interest rates to deal with high inflation, so traditional investors are now withdrawing their capital from bitcoins and other digital tokens, as well as other volatile assets such as tech stocks. 

Edward Moya, a senior US market analyst, said that although the "long-term fundamentals of tokens have not changed in just a few months", fears of a possible recession were creating a "very difficult environment for cryptocurrencies". 

So far no one was able to send in the perfect solution, which is not strange.