Open Demo Account
Home / Market Update / Cryptocurrency / Bitcoin Down 10%, Continues to Descend from Record Heights

Bitcoin Down 10%, Continues to Descend from Record Heights

Adel 21 January, 2021 3:49 pm Cryptocurrency, Global Stock Market, Market Update

Bitcoin fell 10% Thursday, January 21, to a 10-day low at 31,977 dollars, as the most popular digital currencies in the world continued to decline from a peak of 42 thousand dollars reached on January 8.

The decline came amid growing fears that Bitcoin was one of a group of financial bubbles threatening the stability of the financial markets in general.

Traders said fears that US President Joe Biden’s administration may try to regulate cryptocurrencies also caused pressure.

Tags

Check Also

Oil Prices Plunge as OPEC+ Increases Supply Amid Global Trade Fears

A significant shift in global oil markets occurred as major oil-producing nations announced a larger-than-anticipated …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends