Bitcoin Loses Almost a Third of Its Value as Libra Hype Fades

Facebook Inc.’s struggle to convince lawmakers it can create a viable cryptocurrency is rubbing off on bitcoin.

The world’s most popular cryptocurrency has fallen sharply as regulatory scrutiny of Facebook’s ambitious plan to release its own digital coin, called Libra, has spoiled bitcoin’s big rally this year.

Source: https://www.wsj.com/articles/bitcoin-loses-almost-a-third-of-its-value-as-libra-hype-fades-11563349942?mod=e2tw

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