Bitcoin’s Dropping Below $ 50,000

Despite the huge rush to invest in Bitcoin in recent times, which pushed it to record records, which reached near the levels of 50 thousand dollars, it was not able to maintain this level for a long time.

Overnight, Bitcoin lost 5.6%, down to $45,000, with the start of Asian trading.

The increases that Bitcoin witnessed during the last period were not sudden, as it managed to achieve jumps by 20% last week after Tesla announced the purchase of $1.5 billion as an investment asset from Bitcoin in addition to its acceptance of the currency in payments.

The matter did not stop at Musk, as Twitter founder Jack Dorsey announced cooperation with rapper Jay-Z to launch a foundation that aims to finance the development of Bitcoin as the Internet currency.

Despite the suspicions of using Bitcoin in illegal operations, the cryptocurrency is achieving great growth thanks to the investments of major companies, although a number of banks are still reluctant to deal with it in addition to the ban on dealing with it by some countries, the most recent of which was India.

But the big bet remains about the ability of countries and global financial institutions to deal with major investors to adopt the Bitcoin currency and how to protect the funds of its traders.