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BTC has dived under the 7000 floor



The exchange rate of the bitcoin fell to below 7000 dollars on Tuesday. In addition, the lowest level since May was tapped.



17.Dec.19 8:54 AM
By Shawn Highstraw
Photo INNOV.RU

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BTC has dived under the 7000 floor
The exchange rate of the bitcoin fell to below 7000 dollars on Tuesday. In addition, the lowest level since May was tapped. Digital currencies have been under pressure for some time now, partly due to a harsh tone from the Chinese central bank.

He warned in November of the risks associated with trading and issuing the currency. Furthermore, the regulator promised to take tough action against illegal activities related to cryptos. Analysts also once again point out the attractive returns from traditional investments, making cryptos less popular.

Nevertheless, the bitcoin has moved between $ 7,200 and $ 7,400 in recent weeks. But a chain analysis study indicating that the currency will remain under pressure, caused a new dip. On Tuesday around 8 AM, the bitcoin was around $ 6930, according to data from Coinmarketcap, which monitors various stock exchanges on which the crypto currency is traded.

Set against the rate at the beginning of this year, the bitcoin is still in the plus. On January 1, the coin was worth less than 3800 dollars. In July, the value of the currency peaked at more than 13,000 dollars.



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