Bitcoin,300 billion dollar loss in 24 hours. WASHINGTON: Coinbase, a company that buys and sells cryptocurrencies. Appeared on the stock market this week. Surpassing companies such as British Petroleum. As soon as the shares were listed in the market, their value exceeded Rs.
But the dark side of a government-sponsored cryptocurrency is that you can’t predict. The value of the digital currency for the next minute.
Bitcoin has Fallen
In the last 24 hours, the cryptocurrency market has fallen from 2 2.2 trillion to 9 1.9 trillion. According to Coin MarketCap a website that publishes cryptocurrency statistics. In other words, in less than 24 hours. Bitcoins worth 300 billion dollars flew around the world.
According to the report, a crackdown was carried out against corrupt currency, especially bitcoin. In the Xinjiang region of China yesterday. Xinjiang is considered to be the largest center of the bitcoin mining network in the world. After this crackdown. The mining of bitcoin has been reduced from 215 exa hash per second to 120 exa hash per second. Which wiped out 300 billion dollars in less than a day.
The market value of the coin base has exceeded one billion dollars
NEW YORK: The market value of Coin Base. A company that buys and sells cryptocurrencies. Has surpassed the dollar by the time it was listed on the stock market.
Coinbase’s listing in Nasdaq is being seen. In the context of the growing interest of traditional investors. In cryptocurrency and investing in digital currency. The US company has been buying and selling bitcoin. Bitcoin, etherium, and other cryptocurrencies since 2012. More than 56 million users in more than 100 countries are using CoinBase. To buy and sell digital currency. The market value of Coinbase has surpassed that of British Petroleum. And others like it.
The sharp rise in the value of coins and other cryptocurrencies has increased. The company’s assets by several hundred percent. As can be seen from the revenue in the first three months of this year. The company has generated revenue of 8 1.8 billion in the first three months of 2021. Which is more than the total revenue of 2020.