Bitcoin Crashes Below $30,000 For First Time Since January

The video discusses the significant drop in Bitcoin's value, which fell below its 2020 levels due to various factors. China's central bank's actions against cryptocurrency services and Elon Musk's tweets about environmental concerns contributed to the decline. Despite these setbacks, El Salvador became the first country to adopt Bitcoin as legal tender, highlighting differing global approaches to cryptocurrency.

What was the starting value of Bitcoin at the beginning of the week mentioned in the video?

• $64,000.00

• $29,000.00

• $28,858.00

• $34,306.00

Which country's central bank influenced the decline in Bitcoin's value by summoning payment firms?

• Japan

• India

• China

• United States

What was Elon Musk's reason for reversing his position on Bitcoin?

• Market volatility

• Regulatory issues

• Environmental concerns

• Security concerns

By how much did Bitcoin's value decrease from its all-time high in mid-April?

• One-third

• Half

• One-fourth

• Two-thirds

Which country became the first to approve Bitcoin as legal tender?

• Japan

• United States

• China

• El Salvador