Bitcoin headed for second-largest monthly drop on record ...News

Russia Today - Economy
Bitcoin headed for second-largest monthly drop on record
source : Russia Today ( News ) () 25
The world’s top crypto, bitcoin, could see its second-biggest monthly percentage decline on record, as the digital asset’s downturn in May exceeded the 37% drop seen in November 2018. Bitcoin was trading near $36,426 at 14:28 GMT on Monday, with losses for May totaling almost 37.5%. It is just short of the record 40% slide in September 2011, according to Bitstamp data.  In a major selloff, the cryptocurrency nosedived to around $31,227 on May 24 – over a 50% decline from its mid-April peak. Fears of China’s crackdown on cryptocurrencies, along with the coming regulations in the United States, and controversial statements from Tesla CEO

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