Cryptocurrency market plummets USD500B

2021-12-05 03:55:16

(MENAFN) The international cryptocurrency market’s complete profit decreased by almost USD500 billion following the caution of the famous shareholder Louis Navellier’s that the US Federal Reserve’s use might have negative effects on Bitcoin and crypto.

Navellier reported the Fed’s tapering “should create a correction in risk assets, of which bitcoin is a part,” during a meeting with UK’s news outlet Insider. He cautioned as well that the cost of Bitcoin might decrease under USD10,000.

After the shareholder’s insights, the value of the international crypto market declined to USD2.13 trillion starting from (GMT0539) on Saturday, Dec. 4 from USD2.65 trillion on Friday.

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