Bitcoin fell 5.6% to $ 45,914. During the session in the Asian markets, after setting a record on Sunday $ 49714.66. Your competitor Ethereum It fell by more than 8%, although both currencies later trimmed some of their losses.
This fall is slowing, for now, the momentum that led to it Bitcoin From financing margins to Wall Street, as major investors and large corporations have begun to take this digital asset seriously and decide to invest in it.
Bitcoin has risen nearly 20% since the electric vehicle maker Tesla Corporation He announced that he has a $ 1.5 billion bitcoin and will accept a coin Cryptocurrency, That has gained over 60% so far this year and over 1,100% since last March.
Tesla’s investment follows the business software company MicroStrategy Buying several million bitcoins and that many fund managers are on Wall Street, like a billionaire Stanley Brentmiller, They will demonstrate a positive attitude towards the asset. Bloomberg reported Saturday that Morgan Stanley’s investment arm is also considering betting on the Bitcoin.
Meanwhile, cryptocurrency is progressing to become a medium of exchange. PayPal Now your customers are allowed to use Bitcoin In their business, Mastercard is preparing to allow Bitcoins to be used in its vast network.
As Michael McCarthy Chief Strategist at CMC Markets in Sydney, Bitcoin has been the main beneficiary of the new market situation, but price fluctuations in other cryptocurrencies such as EOSThat is according CoinDesk More than doubling in value since late December, it showed the door was still open to competitors.