June 10, 2021
LONDON (AFP) – The price of bitcoin fell sharply on Tuesday, approaching a symbolic USD30,000 threshold it has not crossed since January and dragging other cryptocurrencies in its wake.
At around 15.45 GMT, bitcoin fell 8.6 per cent to a value of USD31,501, a level not seen since mid-May, when the volatile cryptocurrency temporarily lost 30 per cent in one session.
The second-largest cryptocurrency, ethereum, lost 11.2 per cent of its value, falling to USD2,361.
“Numbers that should be staggering for a single day’s performance are no longer a shock to those of us invested in the crypto universe,” analyst at SpreadEx.com Hugh Shields said, calling the market an “anomaly”.
"I don t think there s anything more important in my lifetime to work on" than bitcoin, given the flexibility it offers, billionaire entrepreneur Jack Dorsey, the co-founder of Twitter and payments firm Square, told a crowded auditorium.
Bitcoin 2021: The biggest shitcoin of all is the US dollar tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.
Cryptocurrency mining is going to be solar-powered in Jack Dorsey’s Square next project. The company invested $5 million to the upcoming clean energy bitcoin mining facility.
Bukele closes Bitcoin 2021: El Salvador will be the first country to convert Bitcoin into legal tender tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.