Bitcoin's price slid below $ 10,000 in just three weeks after he managed to break the level for the first time in a year. At the Libra Congressional hearing, the Calibra representatives were literally cut off, cross-examined. Politicians have expressed their profound skepticism about the security and transparency around cryptocurrencies as a whole, not just against the Libra.
The 12% drop in Bitcoin was followed by the drops of Ethereum and Litecoin by about 13%. Congress today described the Facebook project as "playing with fire", constantly attacking the company, violating the privacy of its users. Criticism shows that financial regulators are still embarrassed at the thought of the coexistence of fiat and digital currencies. Facebook's intentions only increased the debate about how to accurately regulate crypto.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.