Why bitcoin lost more than a quarter of its value in a day
After having reached a record price of $ 20,000, the value of the cryptocurrency collapsed on Friday, forcing the suspension of some transactions
The value of the bitcoin plummeted this Friday completing a difficult week for the cryptocurrency, which lost almost a third of its value after having reached a record price of almost $ 20,000.
According to the Coindesk exchange site, throughout the day the virtual currency was quoted at less than $ 11,000, before experiencing a slight recovery that put it slightly above $ 13,000.
In the midst of these fluctuations, three exchange houses that work with the currency suspended some transactions.
The avalanche of exchanges caused by the collapse this week ended up paralyzing one of the largest exchange exchanges of bitcoins, Coinbase, which suspended the purchase and sale of the cryptocurrency twice due to technical problems.
And two other exchanges in the US, CME and CBOE, also temporarily suspended transactions on some forward contracts, which allow investors to bet on the expected bitcoin price at certain times.
The bags have automatic brakes that activate when an asset or asset has moved in a certain amount, as happened in this case.
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