©Reuters. Bitcoin is trading below $34,000, July 2021 levels
Madrid, Jan 24 (.).- The , the most traded cryptocurrency in the world, continues its downward trend and falls 4% this Monday, with which it loses the level of 34,000 dollars and falls back to the prices it had at the end of July last year.
Shortly after 10:00 a.m. GMT, Bitcoin trades at $33,579 apiece, down 5% from its last closing price, according to Bloomberg data.
So far in January, the cryptocurrency has plunged 28.9% and more than 50% from the all-time high of mid-November, when it touched $69,000.
The collapse of the cryptocurrency coincides with a moment of falls in the main stock markets in the world due to the fear that the return to normality in the monetary policies of the US, once the worst of the pandemic is over, will be faster and more abrupt than what investors expected.
Precisely this Tuesday and Wednesday the Federal Reserve (Fed) is holding a monetary policy meeting, the weekly event to which the markets are going to pay more attention.
The expert crypto asset analyst at the investment firm eToro Simon Peters also recalls that the Fed has launched a review of a possible central bank digital currency and has published a discussion paper analyzing the pros and cons of this cryptocurrency.
The US central bank wants to examine issues such as preserving monetary and financial stability within a digital system, how to complement existing payment systems, and citizen privacy, Peters says.
Other cryptocurrencies also fall sharply today and for example ether is left at around 7% at the same time and is exchanged at around $2,250.
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