Bitcoin falls below $80,000 as market sentiment declines
Bitcoin price fell to the $78,800 level, down 6.04% over the past 24 hours, as the The US dollarafter the nomination of Kevin Warsh, as the new head of the Federal Reserve Bank (the US central bank).
And morale declined MarketFollowing the news of Warsh’s nomination, the markets view him as less supportive of risky assets.
Volatility is likely to remain high, with a sharp reaction from the markets, especially after the sudden losses in gold and precious metal prices on Thursday and Friday.
In other cryptocurrencies, the price of Ethereum fell by 11.76% to reach $2,387.77 on Saturday, after lagging… He rode the significant rises witnessed by gold and stocks.
Cryptocurrencies are currently facing a difficult situation, as the market-leading currency, Bitcoin, has lost a third of its value since reaching record levels in October of last year.
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