Bitcoin Falls More Than 20% to $30,862
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This Monday, bitcoin suffered a collapse of more than 20% after a week of record growth that has driven the value of the cryptocurrency 14% so far this year.
According to CoinDesk data, bitcoin was selling at a low of $ 30,862 from a record $ 41,962 it reached last Friday. Thus, the market capitalization of the cryptocurrency dropped to 588.330 million. It should be remembered that the general market for crypto assets exceeded one trillion dollars for the first time last week.
- To find out more: Bitcoin is already worth more than $ 40,000! Doubled in price in less than a month
This drop occurs within the framework of a statement issued by the Financial Conduct Authority (FCA) of the United Kingdom where it mentions that although some investment firms in crypto assets promise high returns, "it generally implies taking very high risks with investors' money. ".