$8,000 drop in Bitcoin price after breaking the 100,000 channel
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Bitcoin crossed the $100,000 mark in the first hours of trading on Thursday. Nomination of “Paul Atkins“, one of the supporters of digital currencies, by Trump to head the Exchange Commission And American securities increased the price of this virtual currency to $10,3649. But on Friday, the price of Bitcoin fell and reached 95,285 dollars with a fall of more than 8,000 dollars.
The total market value of virtual currencies has doubled since the beginning of this year and has reached more than 3.8 trillion dollars. Compare with the value of Apple, which alone is 3.7 trillion dollars.
Bitcoin has more than doubled in value this year and has risen more than 50% in the 4 weeks since Trump was elected as the new US president. A group of legislators who support virtual currencies have been elected to the US Congress.
On Thursday, Trump congratulated Bitcoin fans on his social network for reaching $100,000.
“Mike Novacrats“, founder and president of virtual currency company Galaxy Digital America said: “Bitcoin and the entire digital currency ecosystem are on the verge of entering the financial mainstream. The adoption of virtual currencies by institutions and organizations, increasing their use in payments and clarifying the legal path support this process.
Trump supported digital capital in his election campaign and promised to make America the planet of virtual currencies.
Bitcoin reached $100,000 in a situation where it had fallen to less than $16,000 in 2022, i.e. at the time of the collapse of the company F T X, also analysts believe that the increase in desire for Bitcoin From investors this year, the main reason for its price increase has been.
