Bitcoin has decreased again and costs $ 8 407 as for February 2nd, reports Coinmarketcap. The rate of world’s popular digital currency decreased by 13,72% within a day.
Other cryptocurrencies also experienced decrease, thus, second most popular coin Ethereum now costs $ 880. Litecoin also suffered being traded at the price of $ 121 for a coin.
Ripple had just unexpectedly taken the second place among cryptocurrencies with biggest market capitalization, however, it also lost 26% and currently costs up to 75 cents for a coin.
According to the experts, the reason for cryptocurrency market recession is that many jurisdictions have recently banned these virtual assets. Representatives of different countries express negative attitude towards Bitcoin and other cryptocurrencies blaming them of being a “bubble”.
Many famous businessmen also are not crypto-fans. In addition, legendary entrepreneur and world’s largest investor Warren Buffett warned bitcoin holders that their cryptocurrency trend is likely to cause harm in the future.
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