Kriptovalls suffer severe losses, Bitcoin in free decline

Bitcoin has been experiencing its worst price drop since 2022, dropping by more than 10 percent on Monday morning to reach its lowest six - month level.

The world's main Kritovalata fell under $50,000 for the first time since February of this year.

The sudden decline comes after one of the most positive periods in Bitcoin's history, after reaching a record $4,000 in March and standing near this level until this weekend.

Also, the main crypto have suffered even greater losses, with Ethereuum (ETH), Biance Coin (BNB), Cardano (ADA) and Solana (SOL) all dropping by about 15 percent over the last 24 hours.

The general crypto market has fallen below $2 trillion to $1.85 trillion, dropping 13 percent during the last day. Combined with losses over the past week, Bitcoin has lost nearly a quarter of its value in only seven days.

The last drop in prices comes amid a wider decline in financial markets, partly caused by fears of an impending global recession.

The sudden decline of crypto has surprised some market analysts, with the previous consensus among many experts that Bitcoin could grow to another level of all time this year, following a successful halve and the introduction of billions of dollars of investment from the newly adopted bitumen.

“The cryptodollar market has been hit by a sale, which has not been seen for a long time”, a senior market analyst at FxPro told The Independent Alex Kuptsicrich.