Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Da Silva: What is happening in Gaza is not a war, it is a genocide
Da Silva: Even the Jewish people do not want this war; it is revenge by a government against the possibility of establishing a Palestinian state
Brazilian President Lula da Silva: What we are seeing is not a war between two armies. [What we have is a] completely professional army that is killing women and children in the Gaza Strip.
Hamas: We affirm our readiness to immediately begin a round of indirect negotiations to reach an agreement on the points of contention
Hamas: We welcome the continued Qatari and Egyptian efforts to end the war waged by the Zionist occupation against our people
Al Mayadeen's correspondent: Israeli occupation forces blew up Noura Al-Kaabi Hospital, designated for kidney dialysis patients, in the northern Gaza Strip
Al Mayadeen's correspondent: Israeli drone targets a car on the Ayta al-Shaab-Debel road in southern Lebanon
Yemeni Armed Forces Spokesperson Yahya Saree: The remaining airlines that have not yet complied with the ban are urged to take this into serious consideration to ensure the safety of their aircraft and passengers
Yemeni Armed Forces Spokesperson Yahya Saree: The YAF, after successfully imposing a partial ban on air traffic at Lydd Airport, are now working to impose a full ban on air traffic at the aforementioned airport in the coming period
Yemeni Armed Forces Spokesperson Yahya Saree: YAF's UAV Unit carried out three military operations targeting three vital Israeli sites in the occupied Palestinian areas of Yafa, Isdud, and Umm al-Rashrash, using three drones

Bitcoin falls to lowest since July 2021

  • By Al Mayadeen net
  • Source: Agencies
  • 10 May 2022 09:46
2 Min Read

Bitcoin fell as low as $29,764 on Tuesday.

  • x
  • Bitcoin falls to lowest since July 2021
    Bitcoin falls to lowest since July 2021

On Tuesday, Bitcoin fell below $30,000 for the first price since July 2021, as cryptocurrencies tracked falling markets, with investors alarmed by aggressive US monetary tightening and increasing inflation.

The world's largest cryptocurrency by market capitalization plummeted as low as $29,764 in Tuesday trade before recovering above $30,000, continuing a recent price decline as investors flee riskier assets.

Since a November rise that saw the token reach a high of roughly $69,000, Bitcoin's value has more than halved.

While cryptocurrency fans see bitcoin as a hedge against inflation, many traditional investors see it as a riskier asset.

Related News

Bitcoin tops $105,000 before slipping back in volatile 2025 trading

Bitcoin falls over 5% to $81K after US tariff announcement

They have been selling bitcoin and other digital tokens, as well as other risky assets such as tech stocks, as the US Federal Reserve raises interest rates to combat decades of excessive inflation.

Edward Moya, senior market analyst for the Americas at Oanda, says Bitcoin is "breaking below some key technical levels as the never-ending selloff on Wall Street continues," adding that "the institutional investor is paying close attention to bitcoin as many who got in last year are now losing money on their investment."

According to Moya, although the fundamentals of the token have not changed in months, worries of growth and a possible recession are creating "a very difficult environment for cryptos."

"No one is looking to buy the crypto dip just yet and that leaves bitcoin vulnerable here."

The crypto drop mirrors falls in US stocks and other markets, with the tech-heavy Nasdaq down 4.3% on Monday, the S&P 500 down 3.2%, and the Dow down 2.0%.

  • Bitcoin
  • Cryptocurrency
  • NFT

Most Read

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025
Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025

Coverage

All
War on Gaza

Read Next

All
Russia-Ukraine peace talks resume in Istanbul amid escalating war
Europe

Ukraine, Russia head for Istanbul talks as battles rage, cmdr. resigns

Australia urged to join Macron-led push for Palestinian statehood
Asia Pacific

Australia urged to join Macron-led push for Palestinian statehood

‘Israel’ lost international legitimacy for war on Gaza: Israeli media
Palestine

‘Israel’ lost 'international legitimacy' for Gaza war: Israeli media

MSF Chief: US-Israeli aid plan in Gaza ‘Dehumanising’
Politics

US-Israeli aid plan in Gaza used as tool for forced displacement: MSF

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS