After seven bloody sessions during which the largest cryptocurrency declined by more than 30%, the price of Bitcoin stabilized near the levels of $30 thousand.
According to Arab Net, the cryptocurrency market lost more than a trillion dollars of its market value in twenty days, and reached its lowest level since July of last year.
Cryptocurrencies suffered severe losses on Thursday, after a massive sell-off caused more than $200 billion in market value to be lost in just 24 hours, according to CoinMarketCap data.
Losses began as investors dumped what is known as stable cryptocurrencies, as Terra USD collapsed, and with it all other currencies, led by Bitcoin.
