Jakub porzycki | Nurphoto | Getty images
The long term of a week in bitcoin deteriorated on Friday, with a digital asset reduced by more than 3 months, reversing the profit after the election of US President Donald Trump.
Bitcoin was trading at around $ 80,500 in early trade in Asia, which was 3.45% a day and about 25% less than the high hits of all time in mid -December.
Bitcoin enjoyed the rise in prices after Trump’s victory in November, in which the leader presented himself as a supporter-crypto candidate during his campaign.
However, prices have slipped as investors are considered risky, given the weakness in global equity markets, the assets are considered risky, uncertainty around the new President’s tariff policy and the resolution of major wars such as Russia-Ukraine and Israel-Gaza.
The investor’s spirit was also sour from the news that a major cryptocurrency exchange, baibit, faced. $ 1.5 billion hack The largest crypto in history is estimated to be the host.
Jeff Mei, Chief Operating Officer of Crypto Exchange BTSE, said in a statement sent to CNBC, “It seems that the market has become unstable in response to the market incident.”
Nevertheless, some crypto bulls remain positive on the viewing of bitcoin as they wait for major regulatory development from the Trump administration.
Already, Trump has signed an executive order, which promotes the advancement of cryptocurrency in the US and is developing a national digital asset stockpile. Meanwhile, his administration has created Work -Ball And a “Crypto Caesar“Worked with supporting a clear regulatory structure for crypto assets.
Jeffrey Kendrick, head of Digital Assets Research at Standard Chartered, said in an interview with CNBC’s “Squalk Box Europe” on Thursday that bitcoin could be done Cross $ 200,000 threshold This year.
He said that the adoption of crypto by institutions with some “regulatory clarity” in the US should have less instability over time, he said.
—Kink’s Ryan Brown contributed to this report
