Bitcoin Retreats From Peak Amid Doubts About Supporting US Equity Fund

0
22


Bitcoin Retreats From Peak Amid Doubts About Supporting US Equity Fund

Reuters

Cryptocurrency “Bitcoin” – Emoji

The value of “Bitcoin” fell Thursday from its highest level ever reached Wednesday, after the launch of the first US stock fund to adopt futures contracts in the cryptocurrency.

Bitcoin, the world’s largest cryptocurrency by market value, fell 4.35% to $63,122.78, after hitting $67,016 on Wednesday.

Earlier, the cryptocurrency suffered a brief drop of 87% to $8,200 on the American exchange Binance.

A spokesman for the American Stock Exchange said, “This sudden crash is caused by an error in the institutional trading algorithm.”

Source: “Reuters”





LEAVE A REPLY

Please enter your comment!
Please enter your name here