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A sudden price of prices has seen Bitcoin falling at its lowest level since November, triggering a wider slowdown which has suffered almost half a bill of dollars on the cryptography market in recent days.
The main global cryptocurrency fell below $ 89,000 on Tuesday, just a month after reaching a level of all time over $ 108,000. The peak coincided with the inauguration of Donald Trump, the American leader who enters the promising to be the first “president of Bitcoin”.
The last slowdown was also partly allocated to President Trump, because he has not yet made any of his major promises after almost a month in power.
“While the new Trump administration in the United States has been vocal in its pro-Crypto position, the industry is still waiting for this to manifest in a tangible way in the form of measures such as a strategic reserve of Bitcoin à Éacs”, Petr Kozyakov, Co, Co Co -Fondor and Managing Director of Crypto Exchange Mercuryo, said The independent.
Friday, the wider market of cryptography was affected by a hacking of the Bybit platform, which was described as the “largest digital robbery of all time”. The hackers were able to steal about 1.5 billion dollars (1.2 billion pounds sterling) after taking control of an Ethereum portfolio operated by the exchange crypto based in Dubai.
Ethereum has dropped by more than 15% of value since hacking – more than double the relative losses of Bitcoin – while other popular cryptocurrencies such as Solana and XRP also underwent considerable losses.
Bitcoin has remained the most precious cryptocurrency since its creation in 2009, with its finished supplies comparisons with safety assets such as precious metals. But despite this growing reputation, industry figures warn that the last sale demonstrates that it is not yet considered a form of digital gold by investors.
“The cryptocurrency market has a heliocentric calculation while Bitcoin slides below $ 89,000 in the middle of a stock market market,” Kozyakov said.
“Rather than being at the center of the financial universe, the Place de Bitcoin stays far on the outskirts as an ultra-risk ratio to be easily sold to a hint of problems to come.”
