Bitcoin fell over 6.5% at a level of 98 thousand dollars. After that, the cryptocurrency played a small position.
Bitcoin’s most popular cryptocurrency fell below 100 thousand dollars after US President Donald Trump’s order in the possibility of creating a national reserve of cryptocurrencies. Bloomberg reported this on Monday, January 27.
Bitcoin fell over 6.5% at a level of 98 thousand dollars. After that, the cryptocurrency played a small position and is now trading on the side of 99 thousand dollars. The decline still exceeds 5%.
Bitcoin’s collapse occurred after Trump ordered to create a working group to advise the White House in Cryptopolitics on Friday. It faces the work for six months to offer a regulation framework for digital assets in the United States, as well as evaluate the possibility of creating a cryptocurrency reserve. The order did not confirm that the United States would create a reserve of bitcoins – what Trump promised to do during the election campaign.
The Digital Assets market noticed this command on January 24 with excessive enthusiasm, initially showing moderate growth.
In total, Bitcoin has grown more than 50% since Trump’s success in election in early November. Earlier, he promised to make the United States in the capital of the world of cryptocurrencies.
Remember, on January 20, Bitcoin overcame a historical mark of 109 thousand dollars. Then the cryptocurrency capitalization reached 2.14 trillion dollars.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.