Sunday and Monday proved to be dark days for Bitcoin investors. On January 8, 2021, the cryptocurrency saw a 21 percent drop, after hitting $ 42,000. By Monday afternoon, the virtual currency had lost about $ 10,000. That dropped to 38 32389. But, in the evening, it recovered somewhat and reached 35066 levels. This is the biggest shock for this currency since March 2020.
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Experts believe this is the beginning of a larger correction. This cryptocurrency has quadrupled since 2017. The time has come to drop this currency. What about Scott Minard, who is a key investor in the group of investors. However, in December, Bitcoin could go up to $ 4 million, he said. But their faith has been shaken since the recent setback. Cryptocurrency ether, which comes in second place, is down 21%. Read Bitcoin News Here.
The UK regulator said the money in crypto would be lost
Britain’s financial regulator on Monday issued a stern warning to cryptocurrency investors. He says those who put money in this game lose all their money. According to him, investing in cryptosets is very risky. The regulator expressed concern over the fluctuations, complexity and lack of investment security in these currencies.
