The price of bitcoin has fallen dramatically over the last 24 hours. The currency is now trading for about $500 less than where it stood yesterday afternoon. At press time, the currency is wallowing in the $8,600 range after previously hovering at $9,100. Prior to that, the currency had experienced a weekend high of $9,800, but subsequently dropped to $9,500 and $9,300 respectively within a 48-hour period. This ultimately marks a $1,200 drop in only five days. No doubt many investors are pulling their hair out of their scalps right about now. It appears there are several reasons for thePowered by WPeMatico
The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion that cryptocurrencies comprise currency. Also Read: Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement New York Federal Reserve Nominee Rejects Cryptocurrencies as […]
It has become apparent that the state of New York does not take kindly to cryptocurrencies. In fact, it is one of the most hostile places in the world to set up a Bitcoin enterprise right now, which is not a positive development. This sentiment is reflected in potential New York Fed President John Williams’ recent comments on the future of Bitcoin and other cryptocurrencies. What Does the Future Hold for Bitcoin? When it comes to the potential of Bitcoin, opinions are quite mixed. When it comes to financial experts, they often only see the negative side of cryptocurrency, for obvious reasons. John Williams, the