Home Cryptocurrency Bitcoin Bitcoin reported its biggest daily decline in more than two weeks

Bitcoin reported its biggest daily decline in more than two weeks

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Bitcoin reported its biggest daily decline in more than two weeks after losing 6% from its value during Tuesday. During the day, the Bitcoin price fell to 6,381 USD. Other digital coins, including Ripple, Ether, and Litecoin, depreciated also by more than 4%.

The uptrend of crypto-currencies is rare this year, as apathy has prevailed amid the speculative obsession, which had conquered the markets last year and led to a 1,400% rise in the cost of the Bitcoin for 12 months.

The lack of interest also affects trade volumes, and in June they are at their lowest level for more than one year, according to data from the Bitstamp trading platform.

The global searches for the word “Bitcoin” are also close to their lowest level for the past one year, according to Google Trends data. The number of Twitter posts that mention cryptocurrency reached its peak on December 7 – 155,600 and currently are only 30,000 per day.

The confidence in cryptocurrency has been put under pressure this year for hacker attacks in Japan, South Korea and other countries that raise many security issues.

At the same time, the central banks and other regulators around the world have warned of the possibility of losing investors and of the dangers of fraud.