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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s