Bitcoin’s Brief Backslide Amid Market Mood Shift
The value of Bitcoin, the world’s largest cryptocurrency by market capitalization, has fallen again. On Sunday at 4:21 pm U.S. Eastern Time (21:21 GMT), its price stood at $93,684, which is about 1.59 percent lower than before, according to Reuters.
Analysts view this drop as part of the normal volatility that has recently characterized the crypto market.
A Bloomberg analysis noted that the excitement in the crypto market surrounding Trump’s election victory has now cooled. At the same time, as share prices of major tech companies have declined, investors are showing reluctance toward taking risks.
DBTech/BMT/OR
