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Bitcoin fell 10% today, Thursday, to its ten-day low at $ 31,977 as the world’s most popular digital currencies continued to decline after a high of $ 42,000 hit on January 8 .
The drop came amid growing concerns that Bitcoin was part of a cluster of financial bubbles threatening the stability of financial markets in general.
Traders said fears that the administration of US President Joe Biden is trying to regulate cryptocurrencies have also caused pressure.
At the level of traditional currencies, the dollar fell against major counterparts today, Thursday, as demand for safe-haven currencies was undermined by optimism that a major stimulus package pumped out by the new U.S. administration will boost the economy. growth.
Traditional currencies tied to higher commodities took the risk of support, as Asian stocks retraced their US counterpart to record highs after Joe Biden was sworn in as president.
Biden announced an assistance package to mitigate the impact of the Corona pandemic, worth $ 1.9 trillion.
The US dollar fell 0.2% to 1.2611 Canadian dollars in Asia, falling for a third day, as it hit its lowest level in three years at 1.2607 Canadian dollars overnight after the Bank of Canada chose not to cut interest rates.
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