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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.

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