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Another sharp fall in the price of bitcoin – Le Figaro

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The value of the queen of cryptocurrencies fell 7.7% on Friday morning. While its price had stabilized and analysts thought it had bottomed out, bitcoin slipped again this Friday morning. At 6:30 a.m., the price of the queen of cryptocurrencies fell by 7.7%, leading the value of a token to 21,404 dollars (21,218 euros). It rallied slightly in the hours that followed but remains volatile. While it’s hard to explain the reason for the drop, it could be a statement from James Bullard, a US central bank official. . He is considering another hike in the key interest rate in order to exert “significant downward pressure on inflation”. Read also From crash to crash, how far can bitcoin fall? become very predictable in recent months. The value of virtual currency is correlated to the macroeconomic environment: the health of the Nasdaq, variations in inflation and central bank policies cause the price of the token to rise or fall. Ether, the second most popular cryptocurrency a similar withdrawal. Its price fell to 1,742 dollars (-5.58%). SEE ALSO – The Central African Republic adopts bitcoin as legal tender

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