The bitcoin course has fallen to the lowest level on Friday for over three months. The leading cryptocurrency of the world weakens with the growing fears of Donald Trump's duties. There is also a disappointment with the lack of signs of further industry support by the new administration.
The value of Bitcoin, the largest in the world cryptocurrencies In terms of market value, for the first time since November it fell to a level below 80,000 dollars.
Bitcoin is falling
On Friday morning, the Bitcoin course at some point reduced over 7 percent. Up to $ 78 495 In the following hours of cryptocurrency trade, she made up some losses. Before 11 o'clock Bitcoin returned above the threshold of 80 thousand. dollars for the token.
– Bitcoin's decrease below 80,000 dollars shows that the optimism resulting from the change of power in the White House is over – said Joshua Chu, co -chairman of Hong Kong Web3 Association.
The largest cryptocurrency in the world has lost a quarter of its market value since mid -December. It was then that she reached $ 105,000. Investors have hoped that the Trump administration would create a strategic Bitcoin fund and loosen the regulations regarding cryptocurrencies.
After some time, however, disappointment appeared, because so far no details have been revealed regarding the regulation favorable to the industry.
Not only Bitcoin
Ether also loses, the second largest cryptocurrency in terms of market value. Before 11 o'clock, the cryptocurrency reduced by 7.33 percent. Up to $ 2138.
Reuters notes that global investors are also afraid of Fr. American economy In connection with the duties he announces Donald Trump.
The agency points out that investors' anxiety was also caused by the theft of $ 1.5 billion from the Bybit Stock Exchange. Federal Bureau of Investigation USA (FBI) reported that North Korea hackers are responsible for this.
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Source of the main photo: Shutterstock