Bitcoin in agony after reaching the $ 20,000 threshold

Bitcoin continues to lose value after breaking new historical records on Saturday and Sunday. Following its soaring last weekend to $ 20,000, the digital currency has fallen to 17,061.40 dollars, indicate the data portal CoinMarketCup.
The price of bitcoin falls following the warnings of the monetary authorities of Singapore on the risks associated with investments in cryptocurrencies.
On Tuesday, the Monetary Authority of Singapore (MAS) issued a warning on the risks associated with investments in cryptocurrencies. MAS reminded that cryptocurrencies are not official means of payment, that they are not issued by any government and are not supported by any asset. Recent price growth has been associated with speculative activity.

According to Emil Oldenburg, co-founder and technical director of Bitcoin.com, bitcoins are as good as they are useless. "Investing in bitcoin is for now one of the most risky things you can do. Personally, I sold everything, "he said.

Market capitalization, according to CoinMarketCap, currently stands at $ 589.472 billion, where about 48.3% is represented by bitcoin.