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The price of Bitcoin has again plunged into the last shock of the cryptocurrency market.
Bitcoin has dropped almost 9% in the last 24 hours. The market as a whole is down 8.6%.
It lowers the price of Bitcoin to around $ 78,000. It’s been a little over a month since he reached $ 109,241, his top of all time on January 20, the day of the inauguration of Donald Trump.
It comes after a series of market shocks during the last week that Bitcoin, together, is now decreasing by 20% in the last seven days.
Some large cryptocurrencies are even more carried out. Ethereum – Always the second largest cryptocurrency – is down almost 25% last week.
Ethereum was at the center of hacking on Bybit, an Crypto exchange last week. In this attack, which was marked the largest robbery in digital history, the pirates stole nearly $ 1.5 billion in digital currency.
Crypto falls came when the American markets negotiated on Thursday in the midst of fears of technological actions and the threat of the prices imposed by Donald Trump. The Nasdaq fell 2.8% on Thursday, for example, its biggest decrease by one day in a month.
“We are almost in a situation where there are so many news that it leaves the traders paralyzed, because they do not know what to focus on, and in particular with Trump, which is a negotiation gambit and what is a serious political proposal,” said Michael Brown, main research strategist at Pepperstone.
“Given the degree of uncertainty, it is logical to light up on positioning, in particular in more risky assets.”
