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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Bitcoin experiences 8% price drop after record high

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Mar 2024 20:03
2 Min Read

This decline occurred after Bitcoin hit an all-time high of $73,777 on Thursday.

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  • Bitcoin is for sale at an Automated Teller Machine at the Westfield Garden State Plaza shopping mall in Paramus, New Jersey, on Monday, March 13, 2023. (AP Photo/Ted Shaffrey)
    Bitcoin is for sale at an Automated Teller Machine at the Westfield Garden State Plaza shopping mall in Paramus, New Jersey, on Monday, March 13, 2023. (AP Photo/Ted Shaffrey)

On Friday afternoon, the price of bitcoin took a significant dip, falling by 8% to just over $67,200. This decline comes after the cryptocurrency reached a peak of nearly $73,800 the day prior, according to trading data.

The largest drop in bitcoin's price was observed on Binance, the leading cryptocurrency exchange by trading volume. At approximately 09:40 GMT, bitcoin recorded an 8.15% decrease to $67,228, before rebounding to $68,200 by 13:40 GMT.

Data from CoinMarketCap, a platform that calculates the average price across more than 20 exchanges, indicated that bitcoin was trading at $66,076 as of 09:15 GMT.

Thursday witnessed bitcoin hitting an all-time high of $73,777, surpassing the previous record of $69,000 set in November 2021.

Related News

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Hackers steal $1.5bln from crypto exchange in 'digital heist'

Since the beginning of March, bitcoin's price has seen a cumulative increase of 9%, following a remarkable surge of over 40% in February. This surge propelled bitcoin's value from $42,600 at the end of January to over $61,000.

Read more: Bitcoin crosses $50,000 mark, records two-year high

Bitcoin to exceed $100,000 per token

A report by CNBC in December 2023 cited industry analysts who stated that Bitcoin is anticipated to keep surging in 2024, to possibly all-time highs of over $100,000 per token.

Compared to the trading figure of $16,500 at the start of 2023, Bitcoin has rallied over 160% and traded at over $44,200 at the end of 2023.

CEO of Ledger, Pascal Gauthier, was quoted by CNBC saying, "It feels that [2023] was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25". 

In November 2021, Bitcoin hit a record high of almost $69,000, but nearly $1.4 trillion was erased from the market last year due to sector bankruptcies which came after the collapse of FTX, the world’s second-largest crypto exchange at the time. 

  • Digital currencies
  • Bitcoin
  • Cryptomarkets
  • Ethereum
  • Cryptocurrency

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