Bitcoin and other encrypted currencies see that prices are decreased amid global market turmoil

After retaining relatively stability during global market turmoil last week, encrypted currencies joined the sale.

The world’s most popular encrypted currency fell to less than $ 75,000 on Monday morning before seeing a simple recovery.

Bitcoin prices have not been low since then, after the victory of President Donald Trump’s election day last year, as it achieved a bull in encryption prices. Trump, which led the customs tariff ads that led to huge shares sales, was a major promoter for the encryption industry and previously took the credit when the Bitcoin price broke $ 100,000 in December. Bitcoin has been in a relatively fixed slide since Trump took office earlier this year.

Bitcoin supporters say a type of digital gold that can serve as a hedge against volatility. But Garik Hellman, an independent cryptocurrency analyst, said that the Bitcoin price slice shows that the thesis still has not been proven to be correct.

He said: “It is not only today.” “(Bitcoin) is trading like risky technology arrow.”

Other major digital assets witnessed more decreases in one day on Monday morning.

Ether, the second most distinctive code for encryption, was traded at about 1500 dollars on Monday morning. It has lost about half of its value since Ibn Trump, Eric Trump, encouraged his social media followers to buy the ether in early February.

President Trump’s currency, which he launched just before taking office and more than $ 70, fell less than $ 8 on Monday morning.

The stock prices for companies that focus on encryption also witnessed declines in early trading on Monday.