The price of Bitcoin today!

The price of Bitcoin today!

Today, Saturday, January 22, 2022, the total market value of digital currencies decreased by $1.83 trillion, as the price of the most famous cryptocurrency, “Bitcoin,” recorded a decline in today’s transactions to less than $36 thousand, which is the lowest level in November, as the exchange rate reached Time to more than $69 thousand.

Other coins, including Ethereum, BNB, and Solana, have seen another 45% market cap loss over the past few weeks.

The reasons behind the decline in the market value of digital currencies, especially Bitcoin.

The dip occurred after the Russian Central Bank recommended a ban on cryptocurrency use and mining on Thursday. Russia is one of the world's top Bitcoin mining countries.

Some central banks worldwide have warned against the use and trading of digital currencies, including the Chinese Central Bank's announcement in September that all digital currency transfers will be illegal.

The recent wave of protests in Kazakhstan, coupled with internet outages, has had a severe impact on cryptocurrency mining, especially Bitcoin, as Kazakhstan is one of the mining countries. 

The Russian Central Bank's proposal to restrict cryptocurrency mining and trading has had a significant impact on the cryptocurrency investment industry. Russia is a major country in cryptocurrency mining, especially Bitcoin.