Tuesday , August 3 2021

Financial bubble burst in 2018: Bitcoin dropped more than 70%

Most of the first 20 cryptoctections experienced moderate losses in 2018, while several received discrete gains. But the price of Bitcoin suffered a real collapse throughout the year, with loss of value greater than 70%, from end to end of 2018.

This Monday again works around $ 3,800, starting January over $ 13,000.

After start 2018 with $ 13,444, the trend of declining cryptivalability does not stop within 12 months, to operate in the last round of the year around USD 3.800 and price drop of 71.4% from the end of last year.

On capitalization the combined market value of all cryptheboxes is currently equivalent to 130,000 dollars.

On erosion of value the cryptocurrencies affect the entire industry.

The graphics processor unit (GPU) Nvidia faces a class action lawsuit for losses reported after the crippling market crash, which reduced the demand of the GPU by the miners, according to the report CoinTelegraph.

After the fall of mining, the stock price of Nvidia lost 54% of its value and it became worst of the S & P 500 results from Wall Street.

Also, Bitman, the main producer of ASIC for mining, plans fired more than 500 employees and put an end to your mining operations, as the Chinese media reported that the company's executives had to resign.

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