The bitcoin virtual currency has lost the $ 7,000 valuation after it has been known that Goldman Sachs has abandoned its plans for the cryptocurrency trade in the future.
The company has set aside its interest in cryptocurrencies, as the regulatory framework for this type of currency is not clear, as reported by people familiar with the decision to Business Insider.
In recent weeks, bank executives have come to the conclusion that many steps have yet to be taken before they can market with cryptocurrencies and, most of them, are beyond the bank's control.
This decision has made bitcoin lose $ 7,000 after a week of promotions where it was touching the $ 7,400, although they are still far from the $ 19,000 price reached by the cryptocurrency in December last year.
Goldman Sachs msg is just a funny excuse. It is not even close to be able to create such a sharp move (drop). Big whale(s) are going desparate today in their efforts to manipulate the market. And as final outcome of that - getting even bigger. There is no force on this planet which could force me to sell. Amen.
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