After reaching a record a few days ago, Bitcoin is colliding with other popular cryptocurrencies. Here are some latest numbers:
- The World’s Largest Cryptocurrency, Bitcoin (CRYPTO: BTC) fell about 9% in the last 24 hours to $ 55,268 at the time of publication, according to CoinMarketCap.
- Just like that Ethereum (CRYPTO: ETH) has dropped almost 12% since publication time to $ 2,110.
- According to Bloomberg, the crypto-markets are stumbling amid rumors that the US Treasury Department could take action against financial institutions due to money laundering.
- Simple profit-taking probably also plays a role, given the highs that followed the listing of Coinbase Global Inc. (NASDAQ: COIN) last week. Bitcoin broke past $ 64,000 on Wednesday, the day of the listing of Coinbase.
- Dogecoin is also below its record high of around 44 cents on Friday, and now stands at $ 0.303 from publication time, although it has recovered in the last 24 hours.
- The drop also comes after news that Coinbase insiders are selling shares after Wednesday’s listing.
More information: How to buy Bitcoin (BTC)
The story has been updated to include the latest information on Dogecoin and news on Coinbase insiders selling shares.
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