Bitcoin prices have been known to set new records every day. This cryptocurrency has given more than 700 per cent returns to investors in the last one year. But the statement of Jerome Powell, the chairman of the US Federal Reserve, put the bitcoin out of the air. After Powell’s statement, bitcoin prices fell by 15 percent in one stroke. On Thursday, the price of bitcoin fell nearly 15 percent to $ 52,250 in the afternoon.
Actually, the US Federal Reserve Jerome Powell said about bitcoin that it is very risky to invest in cryptocurrency. Apart from this, he said that cryptocurrency can be an alternative to gold instead of dollars.
Bitcoin prices fell by 15 percent
Following this statement by the US Federal Reserve Chairman, bitcoin prices immediately fell by 4.7 percent and by then the prices had dropped by 15 percent by the afternoon and came down to $ 52,250 by the afternoon. Even after this decline, the price of bitcoin is 700 per cent higher than the previous year.
Prices were increased on Wednesday
Earlier, after a statement by Tesla head Elon Musk, there was a strong rise in the price of bitcoin. In fact, Elon Musk said that customers can buy Tesla vehicles from bitcoin. That is, customers can buy Tesla cars by giving bitcoins. After this statement, Bitcoin, as well as Tesla companies, also saw a boom.
Their prices also fall
Along with bitcoin, the prices of other cryptocurrencies also declined. Especially the currency like Ethereum, XRP, Stellar and Chainlink fell by about 7.45 percent. According to market experts, in the coming days, bitcoin prices may continue to fluctuate.
These statements have also been given
Major investors of the country and the world have also given statements to be cautious about the risk of bitcoin. India’s biggest investor Rakesh Jhunjhunwala had said that I have neither invested in bitcoin and am thinking of doing it. At the same time, Warren Buffet, the world’s largest investor, has also said about bitcoin that investing in bitcoin is risky.
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