After reaching records last year, Bitcoin lost a little of its brilliance.
The most popular cryptocurrency in the world has seen its largest decrease by one day in months on Tuesday, February 25 in the middle of a range of factors, including concerns concerning prices in the United States and the recent record flight of $ 1.5 billion in ether currency of the exchange of statement.
The price of Bitcoin fell below $ 90,000 Tuesday, its lowest level since November. The room had exceeded $ 100,000 at the end of last year, supported by optimism that the inbound Trump administration would relax the regulations.
But as Reuters noted on Tuesday in a report, apart from the name of the friendly civil servants of the crypto at the start of the administration, investors had little concrete news on which to exchange.
“The absence of new bullish catalysts – such as progress on the user -friendly crypto regulations or the approval of additional cryptocurrency – has maintained the prices linked in recent weeks,” said Thomas Erdosi, product manager at CF Benchmarks, Reuters.
There have recently been movements to cryptographic regulations at the Congress. For example, an editorial of two republican members of the Chamber’s Financial Services Committee said that the Republicans of the two Congress Chambers would work with the Trump administration and regulators to adopt legislation for digital assets and blockchain space.
“Effective legislation and proactive regulatory commitment guarantee that good players with innovative products can prosper in the United States and consumers are properly protected against carpet prints, market handling and other fraudulent activities,” said OP-ED.
The Reuters report also noted that investors have also left the Bitcoin back funds (ETF). LSEG data show that the most important ETFs are ready for a net monthly flow of around $ 644 million, the most important since the launch of funds a little more than a year ago.
Meanwhile, Bybit said on Monday, February 24. He had restored his reserve to a 1: 1 report within 72 hours of last week’s flight.
“The BIT supports all the assets of the customers entrusted to our platform, maintaining a dynamic ratio of more than 1: 1,” said Ben Zhou, co-founder and CEO of the platform, in a press release.
“We are fortunate to have all-time friends in an industry in the range of cuts-our peers and even the competitors have been with us for difficult periods, and our customers deserve the same level of engagement,” he said.
