Bitcoin falls below $ 38,000 again
Bitcoin fell again and recorded losses during the beginning of trading today, to retreat again below the barrier of 38 thousand dollars, amid increasing government pressure to ban it and seek to drop its prices to 20 thousand dollars in the coming period.
The price of Bitcoin reached the level of $ 37.48 in early trading, losing 4.8%, equivalent to $ 1890, erasing its gains and returning to the downward path, according to the data available on the CoinMarket Cup website.
The decline of the encrypted process coincided with the increasing government pressure from China to ban dealing with it and its circulation, after an agreement with government institutions in the country on that in a meeting held two days ago, in addition to the emergence of reports confirming that Beijing aims to enter a war of breaking bones with investors of those currencies and exacerbate their losses during The coming period and the arrival of Bitcoin prices to levels below 20 thousand dollars.
In terms of other cryptocurrencies, and during today's trading, the “Ethereum” currency rose by 6.2%, reaching the level of $ 2.66 thousand. The "Binance Coin" currency fell by 4.63%, reaching about $ 347.41. The Cardano currency fell 1.84%, reaching about $ 1.64.
While the currency "Rebel" fell by 5.81% to reach about $ 0.95, and the currency of "Dog Coin" fell by 6.36%, reaching about $ 0.33.
In today's morning trading, the total market value of cryptocurrencies decreased to about $ 1.65 trillion, compared to $ 1.7 trillion 24 hours ago, down 2.9%, equivalent to $ 5 billion.