Bitcoin traded above $ 17,000 on Saturday, trading at $ 14,781, losing 8.81% on Monday.
In December, Bitcoin, approaching 20 thousand dollars and gathering attention, could not come to him after the fall of his life. Even if he reached the level of 17 thousand dollars on Saturday, he continued to trade for 15 thousand dollars with a sudden drop on Monday. Here you can find the current Bitcoin value.
Commenting on the decisions taken at the meeting, which is believed to be the reason for the decline in Bitcoin value, Wall Street Journal said investors will follow virtual money purses and money in crypto purchases. Choi Jong-Ku, chairman of the South Korean Financial Services Commission, believes that banks have helped distribute crime and illegal funds, encouraging money laundering.
China, where crypto mining is popular because of low energy costs, has banned ” initial coin offerings ” transactions. To put it briefly, you pay in advance and the company gives you the payment date of the crypto money you sold under its value.
When the day comes, you get the crypto money amount determined if you are not cheated. Authorities believe that the prohibition of ” initial coin offerings ” in China will not affect the value of Bitcoin, but we will wait and see what happens in the long run. Well, do you think Bitcoin will be able to go back to his old days?