Hard hit to bitcoin loses $ 10 billion in 24 hours

The criptomonedas set lost almost 50% of its value in a month, marked by a great stumble this weekend. But for Monday signs of recovery are showing.

Investors in crypto-currencies have suffered heavy losses over the last few days, after a sharp fall in the price of bitcoin, ethereum and other electronic currencies. According to Coindesk, the value of all publicly traded digital currencies fell by $ 10 billion over a 24-hour period.

In particular, the bitcoin suffered a huge loss since reaching a peak of $ 3,018 in mid-June. The value of that currency fell to about $ 1,863 per unit over the weekend, while the ethereum fell to about $ 133 - 38 percent and 67 percent of its historical highs, respectively. Overall, the crypto-coin market has lost about 50 percent of the $ 115 billion historical value it had recorded a month ago.

However, by Monday the biggest digital currency showed a slight recovery, standing at $ 2,129 per bit, while the ethereum climbed to $ 176.

"Volatile market without regulation"

The experts point out some factors that influence the instability of this market.

"Amateur investors want to make quick gains. Once the price starts falling, these investors tend to panic and sell," says analyst Anupam Varshney, noting that the regulation of the crypto-currency market Is practically nonexistent.

"In such a scenario, it's no surprise that big players are manipulating the markets for their own gain," Varshney added to VentureBeat.

source: https://actualidad.rt.com/actualidad/244601-duro-golpe-bitcoin-mercado-criptodivisas-devaluarse