The downward trend in Bitcoin quotes, which has been observed all week, deepened in the early hours of today, when the most popular cryptocurrency fell to a three-month low, Reuters and CNBC reported, quoted by BTA.
The cryptocurrency market reversed the trend that had been going up since the election of Donald Trump for a second presidential term in the United States.
Bitcoin retreated to $ 78,782 in Asian trading, before slightly strengthening its positions to $ 80,044 on the Bitstamp platform at 12 p.m. Bulgarian time or a decrease of 7.15 percent.
Ether, the second most popular cryptocurrency, fell even more, down 9.80 percent to $2,132.8.
Cryptocurrencies have risen in value since Trump won the election in November, as the Republican campaigned on a promise to be a "crypto president."
Asset prices, however, have fallen as investors shun perceived riskier investments amid weakness in global equity markets and uncertainty over Trump's tariff policies and the wars in Ukraine and the Middle East.
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