Bitcoin weakens again because of the inability to control it
The price of crypto currencies now falls on Tuesday (8/7). Bitcoin sank below $ 7,000 after surging more than 30% last month. Bitcoin slumped 2.1% to $ 6.945.0 at 11.20 WIB on the Bitifinex exchange. And Ethereum slipped 1.3% to $ 405.8 on the Bitifinex exchange. Ripple traded at $ 0.41090, up 5.7% over the past 24 hours on the Poloniex exchange, while Litecoin also climbed 2.9% to $ 72.588.
Reports that investment giant BlackRock Inc. formed a team to see investments in cryptocurrency and blockchain referred to as the main catalyst that pushed Bitcoin prices above $ 8,000 in July. Some analysts believe JPMorgan CEO Jamie Dimon's comments over the weekend may have triggered sales.
Meanwhile, the announcement of the CFA Institute that adds topics about cryptocurrency and blockchain into Level I and II curricula for the first year, also referred to as supporting factors.
Dimon repeated the comments he made last year and called the cryptocurrency a "fraud" and said he was "not interested" in the world's largest digital currency. He also advised the government to close the currency, because of the inability to control it. "To say that is the same as the US dollar is almost crazy," he said on Saturday at the Aspen Institute's 25th Annual Summer Celebration. In other news, Goldman Sachs (NYSE: GS) reportedly explored the option to offer custodies for crypto funds, according to sources, adding that there was no time set at this time. Goldman Sachs said that responding to client interest
in a variety of digital products we explore the best ways to serve them in this space. And at this point we have not reached conclusions about the scope of our digital asset offerings. This service will reduce the risk for bank clients who are trying to guard against the threat of losing their investment in cyber attacks, because the company will hold securities in the name of the funds.
