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Bitcoin fell below US $ 8,000 on Monday as investors reduced their exposure to cryptocurrencies and other risky assets, weighed down by new losses in technology and Internet companies.
A collection of Bitcoin tokens (virtual money) are displayed in this image taken on December 8, 2017. REUTERS / Benoit Tessier / Illustration
NEW YORK: Bitcoin briefly fell below US $ 8,000 on Monday, investors having reduced their exposure to cryptocurrenices, after a massive sale of technology stocks The technology index tumbled 1.79%, the disappointing results obtained last week by Facebook Inc., Twitter Inc. and Intel Corp. having raised concerns about the growth of a sector. led the stock market to record higher.
"It looks like the entire market is in a risky situation today." It started with the actions of (FAANG), but the mood seems to be bringing down crypto markets at the moment, "said Mati Greenspan, Senior Market Analyst at eToro.
The FAANG Group includes Facebook, Netflix Inc., Amazon.com Inc. and Google's parent Alphabet Inc.
At 3:17 pm (7:17 pm GMT), bitcoin, the largest and most well-known virtual global currency, has lost 2, 48% to US $ 8,011.69 on the Bitstamp exchange based in Luxembourg. [19659009"Leniveaudesoutienactuelestde7800USmaismêmesinousvoyonsunefourchetteentre6000$$$USet8000USceseraitunbonsignedestabilitédesprix"adéclaréGreenspan[19659013]. Last Thursday, the US Securities and Exchange Commission supported a previous decision not to authorize a bitcoin-tracking exchange-traded fund proposed by Cameron and Tyler Winklevoss
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