Bitcoin price falls again

The value of the cryptocurrency has fallen dramatically, it has already lost 10% of its value.

The bitcoin has given a lot to talk about this week, after its price plummeted dramatically losing almost 10% of its value . In other cryptocurrencies such as Ethereum, Cardano, Ether and others there was a greater drop. In total, the market has fallen 9.8%.

The reason for the fall came after a decline in US stocks , after a broad wave of sales caused by the Chinese company, Evergrande Group , however, the crisis spread through global markets . Analysts warn of a busy week with a potential pullback of up to US $ 41,000, in addition to other signs that they indicate, is that it could be a respite for the currency, as traders charge their riskiest assets to cover margin calls and remain at the same time. margin of the market until users feel confident.

El Salvador, on June 8, 2021, officially adopted bitcoin as its legal tender. As the currency collapse began, its president Nayib Bukle began to demand the support of cryptocurrency in the country, in addition to holding bitcoins, tweeting that the drop could be good news.

“We just bought the dip. 150 new coins! El Salvador now has 700 coins ”, published Nayib Bukele.

Meanwhile, on Friday, the mega real estate developer, Evergrande Group, registered a fall of 11.61% in the Hong Kong stock market. On the other hand, the Bank of the People's Republic of China prohibited any activity related to cryptocurrencies, considering them a risk for national stability.