Photographer: Andrey Rudakov / Bloomberg
Photographer: Andrey Rudakov / Bloomberg
Bitcoin fell the most in more than seven weeks, just days after reaching a record high.
The token fell 8.5% to $ 55,689.98 starting at 1:48 p.m. on Sunday in Singapore, after falling 15.1% to $ 51,707.51 earlier. Ether, the second largest cryptocurrency, fell nearly 8 percent.
Several online reports have attributed the sinking to speculation that the US Treasury could crack down on money laundering through digital assets.
Bitcoin hit a record $ 64,869.78 last week ahead of its debut trading on the Coinbase Global Inc. cryptocurrency exchange. on the Nasdaq on Wednesday. The most original and largest cryptocurrency, Bitcoin is valued at over 1 trillion dollars after an increase of over 800% in the last year.
Bitcoin is approaching $ 65,000 with the request to replenish the Coinbase list