Authorization

Bitcoin and cryptocurrencies are having a very bad day

The price of Bitcoin and other cryptocurrencies tanked today, continuing a months-long slide that has seen the value of the digital currency slide by more than $2,000 from highs of above $10,000 earlier in the year.
Investors are still speculating about the cause of the crash, but hopeful cryptocurrency bulls before today had hoped that $8,000 would be the new floor for Bitcoin.
No longer. Today the price of Bitcoin dropped to $7,448.75, down from around $8,000 earlier in the day.
Bitcoin and cryptocurrencies are having a very bad day

Investors arent sure whats behind the crash, but Bitcoins commentariat pointed to two likely culprits.
One was the underwhelming performance of Facebooks chief executive Mark Zuckerberg in testimony before Congress on the Libra cryptocurrency that his company is leading the charge to create.

Lowlights from Zuckerbergs Libra testimony in Congress
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«     2020    »
 12345
6789101112
13141516171819
20212223242526
2728293031