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Virtual currency: Bitcoin falls on Monday

16/03/2021
Categories: Economy/Forex

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The king of cryptocurrencies loses momentum on Monday noon and falls back below 60,000 dollars. On Saturday, electronic money had reached a new historic level, peaking at 61,507.56 dollars.

After crossing the threshold of 60,000 dollars last Saturday, bitcoin, the first digital currency in terms of capitalization, lost momentum on Monday noon.

As of 11:35 a.m., bitcoin was trading at $56,187.06, according to prices compiled by coinmarketcap.com . For Emden Research, it is the European Central Bank (ECB) and its American counterpart (Fed) that are setting the tone in the electronic currency market with their accommodating monetary policies. But he believes further gains are possible.

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