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New York Attorney General
Letitia James
Photo: Lucas Jackson / REUTERS
The slide in Bitcoin and other cryptocurrencies continues on Friday.
Bitcoin investors are keeping money safe after the world's most famous cryptocurrency abruptly ended its record hunt on Monday.
After a brief interim recovery on Wednesday and Thursday, the price of the cyber currency fell again on Friday to 45,500 US dollars.
On Sunday, Bitcoin had reached a record high of just under 59,000 US dollars.
Bitcoin has lost around 20 percent of its value within a week.
A week ago, according to data provider Coinmarketcap, all Bitcoin in circulation were worth more than a trillion dollars for the first time.
But then Bitcoin fell back significantly, and most other crypto currencies also gave way.
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In addition to the increasing nervousness in the financial markets and the impulse of many investors to take profits off the table, there is another possible trigger for the price slide in crypto currencies: The US state of New York banned trading on the Bitfinex crypto platform and its on Tuesday powered Stablecoin Tether, which in the past has played a central role in inflating the Bitcoin bubble.
Bitfinex's allegation that Tether was fully covered by secure US dollars was "a lie," said Attorney General and Attorney General
Letitia James
(62).
The company deceived the state and investors and concealed losses of $ 850 million.
The crackdown by the judiciary against Bitfinex strengthens the fears of many speculative investors that the state will soon put an end to the price rally through strict regulation of the crypto market.
Ether and Litecoin are also under great pressure
The second largest cryptocurrency by market share, Ether, lost just as significantly as other digital stocks, including XRP, Litecoin and Bitcoin Cash.
Here, too, the weekly losses were around 20 percent and more, as with Bitcoin.
The market value of all roughly 8,500 cryptocurrencies fell to $ 1.3 trillion after hitting a record high of about $ 1.76 trillion over the weekend.
with news agencies