Bitcoin fluctuates overnight… At one time, it plunged 7% and fell below 60 million won

U.S. Treasury Secretary Yellen pours criticism on Bitcoin
U.S. Treasury Secretary Yellen pours criticism on Bitcoin

(Wilmington Reuters = Yonhap News) The New York Times (NYT) reported that the US Treasury Secretary Janet Yellen poured out criticism on the 22nd (local time) toward the representative cryptocurrency Bitcoin, which is rapidly rising recently. “Bitcoin is an extremely inefficient and highly speculative asset,” said Secretary Yellen at an NYT-hosted event. The photo shows Secretary Alan giving a speech at the headquarters of the Presidential Transition Committee in Wilmington, Delaware on December 1, last year when he was nominated. [email protected]

(Seoul = Yonhap News) Reporter Seong Seo-ho = Bitcoin, a cryptocurrency leader, slumped in the night.

According to the cryptocurrency exchange Upbit on the 23rd, as of 7:20 am on the day, Bitcoin is 62.6 million won per piece, down 4.31% from the previous day’s closing price.

At 0:16 on this day, it plunged more than 7% compared to the previous day, breaking the 60 million won line, but later made up for the decline. The low price on this day is 5,656 million won.

In Upbit, another cryptocurrency, Ethereum, once fell below the 2 million won line by more than 7%, and is trading at the beginning of 2 million won at this time.

In Bithumb, another exchange, bitcoin once fell to 58.8 million won and is currently trading at 6,2626,000 won.

Unlike the stock market, transactions are conducted on an exchange basis, so even the same type of cryptocurrency has a slightly different transaction price for each exchange.

At Bithumb, there was a connection problem last night. This seems to be due to the increase in the number of connections at the same time as the sales volume increased.

Bithumb posted a notice on the previous night at 11:36 pm, “Notice on delay of access to the website.

Bithumb explained, “As traffic increased due to the rapid increase in the number of visitors, access to the site through mobile web, app, PC, etc. was temporarily delayed.”

On the same day, US Treasury Secretary Janet Yellen criticized Bitcoin by defining it as a speculative asset.

He said on the 22nd (local time) at a’Dealbook Conference’ hosted by The New York Times (NYT), “I don’t think Bitcoin will be widely used as a trading mechanism.”

“I am worried that it is often used for illegal finance,” he said. “Bitcoin is an extremely inefficient means to conduct transactions, and the amount of energy consumed in the transaction process is unbelievable.”

“I think people should know that Bitcoin is a very speculative asset and extremely volatile,” he said.

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