© Reuters. Bitcoin moderates its fall to 5% with the opening of Wall Street
Madrid, Nov 16 (.) .- El, the best-known cryptocurrency in the market, fell 5.3% after the closing of the stock markets in Europe and changed to $ 64,490, thus moderating the strong losses it has registered during the morning.
Bitcoin has fallen more than 10.2% and has lost the level of $ 60,000, far from the high of almost $ 69,000 that it reached last week, after China reiterated that cryptocurrencies are “illegal.”
China has also warned that it will monitor state-owned companies from engaging in cryptocurrency-related activities.
After sinking to $ 58,660 shortly before noon in Europe, the cryptocurrency has rebounded and stabilized at around $ 60,500 with the opening of the New York Stock Exchange.
The drop is also attributed to the fact that the $ 1.2 trillion infrastructure plan pushed by US President Joe Biden includes rules for companies that handle cryptocurrencies.
In addition, the CFO of Twitter (NYSE :), Ned Segal, has said in an interview published today by the Wall Street Journal that today investing part of the assets of the social network in crypto assets “does not make sense.”
“We would have to change our investment policy and choose to own assets that are more volatile,” says the manager.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.