Bitcoin has lost almost half its value since its November high, with cryptocurrency prices continuing to plunge as major economies look to curb their growing popularity.
Summary
- And it’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year.
- Bitcoin has fallen over 8% in the last 24 hours, and was trading at $35,479 as of 9:30 am ET, according to CoinDesk .
- On Thursday, Reuters reported that Russia’s central bank has Governmentsare cracking down as well.
- On Thursday, Reuters reported that Russia’s central bank has proposed a ban on crypto use and mining.
- Russia is one of the biggest crypto-mining nations in the world, but its central bank said that digital currencies can pose a threat to the country’s financial stability.