After briefly rising to a record high of $ 3,000 Bitcoin showed a sharp U-turn and is preparing to finish the week the maximum reduction in the past two years.
During the week Bitcoin SNI went down by 18.5% and amounted to $ 2317, which, according to WSJ Market Data Group, is the highest weekly decline since January 16, 2015. A decline of 15% on Thursday will be the highest one-day fall since January 14, 2015.
In other words, Bitcoin has lost more than $ 10 billion in market value since the beginning of the week, based on company data CominMarketCap, which tracks the value of digital currency. This is a small loss compared with Twitter Inc., the cost of which has fallen to $ 12 billion.
The fall of cost cryptocurrency by 20% to an intraday low of $ 2076.16 also coincides with the sale of the shares of US companies of the technological sector, which resulted in lower four of the last five trading sessions.
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Bitcoin has benefited from its position as a decentralized currency, which boasts features like gold. However, with the growth of Wall Street analysts' price of the asset received disturbing calls. They argue that cryptocurrency can not go further until it becomes more regulated.
Increased recognition can be achieved more soon, given that the Securities and Exchange Commission (SEC) in March rejected a proposal to launch several exchange-traded funds (ETF) based on Bitcoin, citing a lack of supervision and transparency.
Other digital currency is not in the best position. Ethereum platform and broadcast currency may soon overtake Bitcoin market value: per day, this figure fell to 10.6%, according to data Coindesk.com. However, over the past week ester value increased by 21%.
Based on materials WELTRADE
