Thursday , February 25 2021

Bitcoin drops for the first time under $ 5,000



The price of Bitcoin, the world's largest and best-known Crypto-Infrastructure, has now dropped below $ 500,000 today, which marks a new low this year, after dropping more than a quarter of its value in less than a week.

The digital currency continued to fall for the first time on Tuesday for less than five thousand dollars, reaching four thousand $ 387, the lowest level since October last year, but in addition to Bitcoin, other cryptic frequencies have also declined in recent days.

Analysts rank the last collapse in the value of this currency in a kind of "war" between bitcoin developers and miners who could not agree on the direction to get encryption, which led to differences in two different currencies.

The devaluation of cryptosmolors in general also weighs the concerns of the companies in this market due to the greater regulatory control to which digital coins are subject.

Last week, two companies, Paragon Coin and CarrierEQ, which raised funds in 2017 via encryption, were forced by the Securities and Exchange Commission, the US regulator, to return funds to investors because they did not record initial currency offers.

Although companies have agreed to pay fines for chip sales without registering them as shares, concerns have arisen among investors and caused warnings that Bitcoin could be a scam that will eventually explode.

Last December, Bitcoin reached a record $ 193,000 in unstable operations, but at the beginning of the year he dropped to $ 13,000 to $ 500 and later ranged between six and seven thousand dollars.

However, this year, Bitcoin has become more and more attractive to institutional investors, even central banks have begun to discuss the idea of ​​issuing their own digital currencies, since cash is less used and almost extinct in some countries Sweden and China.

Bitcoin drops for the first time under $ 5,000

Note a new low this year after the collapse of more than a quarter of its value in less than a week. (FILE)


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