Bitcoin Falls To Lowest Since March – 21 January, 2021
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Unanswered questions and ongoing worries over Bitcoin’s technology and regulations has caused the cryptocurrency to continue to slide in its largest weekly drop since March. At an almost three-week low, the most popular cryptocurrency shed over 5% to $28,800 before settling at $30,000. Though not quite as steep as the 33% drop it saw in March, the cryptocurrency has fallen 15% so far for the week. Bitcoin is currently roughly 30% lower than the record high it reached two weeks ago at $42,000. Comments made by Janet Yellen about the possibilities for cryptocurrencies to finance illegal activities and a need for regulation of Bitcoin caused it to lose ground as more regulators turn their attention.