The market capitalization of this virtual currency also plunged below 1 trillion USD.
In just 1 night, the price of 1 Bitcoin decreased by nearly $10,000 (~ 230 million VND). The market capitalization of this virtual currency also plunged below 1 trillion USD.
According to data from many exchanges, Bitcoin has lost about 10% of its value on the morning of Monday, February 22 (US time). There was even a time when this virtual currency was trading for just over $47,000, down $10,000 from Sunday’s session.
Earlier, in a move on social media, Tesla CEO Elon Musk said that “Bitcoin price is looking a bit high”. It seems that this news immediately had a big impact on the market.
Besides, the speech of US Treasury Secretary Janet Yellen at a New York Times event is also said to be the cause of Bitcoin’s decline. Janet Yellen believes that the transaction value of Bitcoin is extremely low, this virtual currency is just a highly speculative asset.
Currently, the price of one Bitcoin is hovering around $50,000 and shows no signs of stopping.
Source link: Elon Musk just “lighted up” a sentence, Bitcoin price plummeted
– Emergenceingames.com