Photographer: Andrey Rudakov / Bloomberg
Photographer: Andrey Rudakov / Bloomberg
Bitcoin fell to its highest level in more than seven weeks, just days after reaching a record high.
The witness fell 8.5%, to $ 55,689.98, at 1:48 p.m. in Singapore on Sunday, after falling to 15.1%, to $ 51,707.51 earlier. Ether, the second largest cryptocurrency, fell nearly 8%.
Several online reports attributed the move to speculation that the U.S. Treasury could crack down on money laundering carried out using digital assets.
Bitcoin hit a record high of $ 64,869.78 last week ahead of the first cryptocurrency exchange trade Coinbase Global Inc. on Nasdaq Wednesday. Bitcoin, the largest and most original cryptocurrency, is valued at more than a trillion dollars after an 800% increase over the past year.
Bitcoin is approaching $ 65,000 with Coinbase listing feed demand