Explained: What is Bitcoin and why its price has been falling?
In a matter of just 24 hours, Bitcoin lost about $70 billion in the market and it has lost almost 38% of its value since April 13, as per Coindesk. Besides that, Tesla’s decision to not accept Bitcoin as payment for cars and tighter regulation of digital currencies had put immense pressure on Bitcoin.
May 21, 2021, 19:09 PM IST