Bitcoin fell below $ 40,000 at the beginning of the week. Other cryptocurrencies have also lost value. Investors lose a lot of money as a result. Are you one of them? Then tell us your story.

The price of crypto money is currently fluctuating strongly.

 Have you lost a lot of money-through-crypto-currency?

On Monday, Bitcoin fell below $ 40,000 for the first time since September 2021.

Do you have a lot of money through crypto-currencies lost?

Ether fell below the $ 3,000 mark for the first time since the beginning of October.

That's what

  • Cryptocurrencies are currently losing in value.

  • At the beginning of the week, Bitcoin fell below the $ 40,000 mark for the first time.

  • Did you lose money by doing this? Tell us about it!

The crypto market is currently on a downward trend: On Monday, Bitcoin fell below $ 40,000 for the first time since September 2021. In the meantime, the price has recovered somewhat and is around $ 42,000. But this is far from the record high of almost $ 69,000 last November.

Other crypto funds also dived early this week. For example, ether fell below the $ 3,000 mark for the first time since the beginning of October. Even the dogecoin meme currency fell to 14 cents. According to media reports, the reason for this is the monetary policy of the US Federal Reserve (Fed).

Overall, interest rate hikes are expected in the USA, so that the key interest rate should rise to between 0.75 and one percent by the end of the year. Due to the turnaround in interest rates, investors have turned away from cryptocurrencies. As a result, investors around the world have lost a lot of money. Are you one of them? Then tell us your story:

This is a Bitcoin:

The founder of Bitcoin is Satoshi Nakamoto. To this day it is not known exactly who Nakamoto is. The pseudonym could also be the name of several developers who are behind Bitcoin. The cryptocurrency was first outlined in a white paper on October 31, 2008 – shortly after the collapse of the US investment bank Lehman Brothers. Bitcoin is based on the idea of ​​a currency that exists independently of states, central banks and monetary policy. In contrast to traditional currencies, Bitcoin does not have a central point that controls the means of payment. Instead of being validated by banks and financial service providers, transfers in Bitcoin are validated by a globally distributed computer network that is openly accessible to everyone.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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