Bitcoin prices declined amid the collapse of the market
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Bitcoin prices fell to less than a major psychological threshold on Monday with the increase in the sale of global financial markets.
The cryptocurrency was traded at $ 79.019 on Monday in the middle of the afternoon, a little more than 2 % decreased and some of its previous losses are restored. It has now decreased about 15 % for the year.
The encryption prices rose after the November elections. President Donald Trump pledged to cut some regulations and create a Bitcoin strategic reserves.
While Bitcoin and cryptocurrencies were developed wider, as an alternative to traditional asset layers, they tend to trade in line with “other risk assets”, such as risk stocks.
Last week, the Nasdaq Composite index, which tracks technology and other growth shares, decreased by about 9 %.
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