Is the new era of Bitcoin shaking? A tremor of the cryptocurrency worth $$ 300.000 million shakes all cryptocurrencies
The price of Bitcoin suffered one of the sharpest declines of this year, plummeting by less than 9%, which raised doubts among new coiners - as traditional cryptocurrency holders are called - about its solidity as a store of value.
Of course, the drop from $$ 118.000 to $$ 113.000, just over 3%, occurs in a context of profit-taking and lower risk appetite, but it maintains an annual appreciation close to 79%.
A couple of weeks ago, in mid-July, the cryptocurrency reached its all-time high of $$ 123.000 per unit, driven by optimism from Donald Trump's White House, major players on Wall Street, and dozens of companies hoarding Bitcoin on their balance sheets. Some analysts outside the crypto market - more accustomed to these fluctuations - even anticipated "an imminent earthquake of $$ 50 trillion".
But the climate changed in a matter of hours. A sudden wave of sellers caused the combined cryptocurrency market to lose $$ 300.000 million in capitalization, amid fears of a Fed collapse and a crisis of the US dollar#notcoin
