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Why has the price of Bitcoin been falling?


FILE - In this Feb. 9, 2021 file photo, the Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker s Choice store in Salem, N.H. The price of Bitcoin fell as much as 29% Wednesday, May 19 after the China Banking Association warned members of risks associated with digital currencies. Other digital currencies suffered sharp declines as well. (AP Photo/Charles Krupa, File) (Copyright 2021 The Associated Press. All rights reserved.)
NEW YORK – Even by Bitcoin s standards, Wednesday was pretty wild.
The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours. ....

New York , United States , United Kingdom , Sri Lanka , Jerome Powell , Satoshi Nakamoto , Matt Ott , Jack Dorsey , Mark Cuban , Gary Gensler , Stan Choe , European Central Bank , Massachusetts Institute Of Technology , Federal Reserve , Exchange Commission , Commodity Futures Trading Commission , Technical University Of Munich , China Banking Association , Chinese Banking Association , A University Of Cambridge , Technical University , Massachusetts Institute , Reserve Chair Jerome Powell , Ken Sweet , Elon Musk , Crypto Currency ,

EXPLAINER: Why has the price of Bitcoin been falling?


FILE - In this Feb. 9, 2021 file photo, the Bitcoin logo appears on the display screen of a crypto currency ATM at the Smoker s Choice store in Salem, N.H. The price of Bitcoin fell as much as 29% Wednesday, May 19 after the China Banking Association warned members of risks associated with digital currencies. Other digital currencies suffered sharp declines as well. (AP Photo/Charles Krupa, File) (Copyright 2021 The Associated Press. All rights reserved.)
NEW YORK – Even by Bitcoin s standards, Wednesday was pretty wild.
The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours. ....

New York , United States , United Kingdom , Sri Lanka , Jerome Powell , Satoshi Nakamoto , Matt Ott , Jack Dorsey , Mark Cuban , Gary Gensler , Stan Choe , European Central Bank , Massachusetts Institute Of Technology , Federal Reserve , Exchange Commission , Commodity Futures Trading Commission , Technical University Of Munich , China Banking Association , Chinese Banking Association , A University Of Cambridge , Technical University , Massachusetts Institute , Reserve Chair Jerome Powell , Ken Sweet , Elon Musk , புதியது யார்க் ,

Why has the price of Bitcoin been falling? - The Boston Globe


NEW YORK (AP) — Even by Bitcoin’s standards, Wednesday was pretty wild.
The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in market value in 24 hours.
Bitcoin has lost about 38% of its value since April 13 when it hit a high of more than $64,600. The China warning was just the latest headwind: Before Wednesday, Tesla s decision to not accept the digital currency as payment for cars — after it said it would — and murmurings in Washington about tighter regulation of digital currencies had put pressure on Bitcoin. The price is still up about 31% in 2021 and nearly 300% from a year ago. ....

New York , United States , United Kingdom , Sri Lanka , Jerome Powell , Satoshi Nakamoto , Matt Ott , Jack Dorsey , Mark Cuban , Gary Gensler , Stan Choe , European Central Bank , Massachusetts Institute Of Technology , Federal Reserve , Exchange Commission , Commodity Futures Trading Commission , Technical University Of Munich , Chinese Banking Association , A University Of Cambridge , Technical University , Massachusetts Institute , Reserve Chair Jerome Powell , Ken Sweet , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் ,