Bitcoin: Cryptocurrency back in reverse after gains

Reason for the downward trend: The FED warns of cryptocurrencies. (archive image)

The oldest and largest cryptocurrency by market value, Bitcoin, fell 1.2 percent to $23,746 on Wednesday afternoon. It is thus tending towards CHF 20,000 again.

At the start of the week, the Bitcoin price rose briefly above the $25,000 mark for the first time since mid-June. The previous evening, the Fed had warned financial firms about the risks associated with crypto assets. The currency watchdogs named dangers for consumer protection and financial market stability.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.