While the drop in crypto money prices has turned the portfolio of many investors in the red, the effects of this decrease are felt much more severely in large portfolios.
Bitcoin’s price in the last 24 hours more than 18% dropped to levels not seen since December 2020. According to CoinGecko data, BTC at the time of writing From $22,779 is changing hands.
An atmosphere similar to that of the crypto money market can also be observed in other financial markets. These developments follow the increasing inflation rates in the USA and Europe.
This decline in the market is especially El Salvador, MicroStrategy, Tesla, Block Inc. heavily affected states and companies that hold large amounts of bitcoin, such as
For example, in El Salvador, the average 45 thousand 171 dollars total cost per unit 2 thousand 301 bitcoins holding. The current government of El Salvador unrealized loss, to 50 percent levels is close.
MicroStrategy is at a cheaper tier than that, about approx. With an average unit price of $30,700 invested and in total 129,218 grains He had accumulated bitcoins. He is also among the names who are currently experiencing unrealized losses.
Elon Musk’s company Tesla, approx. 42 thousand bitcoins average unit cost of owner and company 31 thousand 620 dollars had happened. The current unrealized loss of the company, over 25 percent.
Block, formerly known as Square, has an average unit cost among them. the lowest. However, the average From 27 thousand 407 dollars in total 8 thousand 27 bitcoins Alan Block, for now a 16 percent facing unrealized loss.