Bitcoin weakness continues, its value is already below USD 7,000

in #bitcoin7 years ago (edited)

Decrease in value up to two digits also experienced other virtual money, such as Etereum and Ripple. imageBitcoin

The most popular digital currency in the world, Bitcoin fell more than 15% in trading Monday (5/2) time the United States (US). This is the lowest position in the last three months. Quoted by Reuters, the decline in Bitcoin was fueled by widespread concerns ranging from global regulatory restrictions, to a ban on credit card use to buy Bitcoin by British and US banks. From the Bitstamp stock exchange based in Luxembourg, Bitcoin's value reached USD 6,853.53 in early afternoon trading in New York. Cryptocurrency was once reached the highest value of nearly USD 20,000 in December. Bitcoin performance throughout 2018 is the opposite of last year, which jumped more than 1,300%. By 2018, Bitcoin has lost about half of its highest value. Many governments and financial authorities in various countries, enforce the harsh rules that prohibit Bitcoin. "We expect this decline to continue, technically reaching $ 5,000 per coin," said Miles Eakers, chief market analyst at Centtrip, specializing in foreign exchange payments and treasury management. Other cryptocurrencies also decreased two digits on the same day. Referring to data Coinmarketcap.com, Etereum which is the second largest virtual currency, fell nearly 19% at USD 703.40, while Ripple the third largest, traded at 71 US cents, down 14.1%.

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