Here’s Why Bitcoin Fell Again Today

0

The price of Bitcoin (CRYPTO: BTC) took a nosedive for the second day in a row on Tuesday. One reason behind that decline may have been the U.S. Treasury Department’s move to sanction a cryptocurrency exchange. As of 3:41 p.m. EDT, Bitcoin had fallen by 3.6% over the prior 24 hours. The value of the world’s leading cryptocurrency had already fallen by about 7% Monday as investors grew concerned that one of China’s largest real estate developers, China Evergrande Group, might default on some of its loans.Image source: Getty ImagesContinue reading
Read more on “MotleyFool”