Bitcoin's value keeps decreasing!

The collapse of cryptocurrencies continues, and there is one main reason for that.

Bitcoin's value keeps decreasing!

Photo Credits: Dmitry Demidko | Unsplash

The most famous cryptocurrency in the world - Bitcoin, has continued to fall during the last 24 hours, by more than 5 percent, so the price of this digital coin this morning is below $ 36,000.

Currently, Bitcoin can be bought for $ 35,917, and its market capitalization is $ 670 billion.

Ethereum, the second most popular digital currency, fell 4 percent and is currently hovering around $ 2,250.

Most of the leading cryptocurrencies this morning are also "in the red", as Cardano, Binance Coin, Dogecoin, Polkadot also recorded a minus ...

According to analysts, the main reason for the latest significant drop in Bitcoin are the events after the session of the American central bank, when the Fed announced the raising of the interest rate, with the expectation of higher inflation.

However, on the other hand, there are more and more companies that made a decision to accept cryptocurrencies to pay for their products or services. For example, General Motors joined Tesla's Elon Musk and announced that you will soon be able to buy their vehicles with Bitcoin.

By: Olivia J. - Gossip Whispers