It approached the 60,000 and decreased .. To Bitcoin followers, here's what is happening!
Bitcoin fell more than 6 percent, Monday, after it rose to a record high of $ 58,354 the previous day.
And the world's most popular cryptocurrency rose over the weekend to record levels, nearly doubling in value since the start of the year. Its market value reached a trillion dollars on Friday.
Competing cryptocurrency Ethereum dropped 7% to $ 1798. Bitcoin was trading at $ 54,000.
The gains have fueled signs that they are being accepted by large investors and mega-companies such as Tesla, MasterCard and New York Mellon.
Observers say that the fluctuation in its value since yesterday came after selling in global stocks hampered the appetite for risk, which explains the reason for the decline in its value today.
Often, statements or tweets from major investors cause the increase in its value, as happened in the recent tweet of Tesla CEO, Elon Musk, on Twitter, where he said that owning Bitcoin is slightly better than possession of traditional cash.
The value of Bitcoin is approaching an "imaginary" level!
Bitcoin is stable above the barrier of 50,000 thousand dollars (Infographic)
Tesla's purchase pushed $ 1.5 billion of Bitcoin, the cryptocurrency, to a record high last week, above $ 50,000.
Source: Sky News
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