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Bitcoin losses are increasing with the start of Asian trading

Bitcoin losses are increasing with the start of Asian trading

It is heading towards its worst weekly decline since September. Concerns about regulation and its overheating have pushed it back from recent record highs.

Bitcoin losses are increasing with the start of Asian trading


It's down over 5%, to nearly its lowest level in three weeks. At 28 thousand and 800 dollars in early trade in Asia. Before settling near 32 thousand.


The digital currency has lost 11% since the start of the week. In the biggest drop since a 12% drop last September.


Traders say a report published by BitMix Research on Twitter indicates that a portion of Bitcoin might have been spent twice was enough to trigger a sale, even if those concerns were appeased later.


Bitcoin is trading more than 20% lower than its record high of $ 42,000 reached two weeks ago, incurring losses as fears grow that it is one of several price bubbles and as cryptocurrencies are gaining attention from regulators.


The second-largest cryptocurrency, Ethereum, initially fell to its lowest level in a week on Friday, before rising 6% in the late Asian session to $ 1,177.

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