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© Reuters.
Investing.com – dropped to nearly $ 10,000 Monday in Asia, following negative comments by US President Donald Trump at the end of last week.
Trump wrote on Twitter Thursday that he was "not a fan of Bitcoin and other crypto-currencies, which are not money and whose value is very volatile and based on air, "adding that" unregulated cryptographic assets can facilitate illegal behavior and other illegal activities. "
Bitcoin initially jumped nearly 7% as a result of its comments, but erased all gains soon after and has plunged more than 15% since Friday.
Trump also criticized Facebook Inc (NASDAQ :). '' Consider launching its own digital currency, Libra.
"If Facebook and other companies want to become a bank, they have to look for a new bank charter and be subject to all banking regulations, like other banks, national and international," he said. he adds.
Bitcoin prices were pushed to a 15-month high earlier this year after plans proposed by Facebook for Libra sparked a new interest in cryptocurrency and the technology behind it.
In February, JPMorgan Chase (NYSE 🙂 also announced plans for JPMCoin, the first cryptocurrency backed by a US bank.
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