Bitcoin falls 10%

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Currency

Reuters

Expressive image

Bitcoin fell, during Thursday’s trading, by 10%, as it fell to a ten-day low, recording the level of $ 31977.

The world’s most popular currency continues to decline from a peak of $ 42,000, which it reached on January 8.

The drop came amid growing fears that Bitcoin was one of a group of financial bubbles threatening the stability of financial markets in general.

Traders said fears that US President Joe Biden’s administration might try to regulate cryptocurrencies also caused pressure on the Bitcoin value.

Source: Reuters





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