bitcoin new

In the early morning today, the price of bitcoin fell even below $ 6,000 in brief. But, soon afterward, it is recovering and is now at a price that is around $ 6,480. The price of Bitcoin’s constant is decreasing, and this time has been proven. On the basis of yesterday’s trading, Bitcoin’s value fell by 6%. Last year, Bitcoin reached its record value, which at one point exceeded $ 19,000, but since then, its value has been falling steadily. In addition to the current decline, Bitcoin is shaken by the fact that many of the world’s major banks have forbidden the use of credit cards to purchase any virtual currency.

Minister of Finance in India Arun Jaitley said last week that cryptocurrency used to finance illegal activities and that he would take the necessary measures to prevent it.

South Korea has banned anonymous buying and selling cryptocurrency works, saying it is one of the ways to wash money.

Large banks in the United States and the United Kingdom have temporarily banned the use of credit cards for the trade of cryptocurrency. The reason for this is that at the time of the sharp fall in the price of cryptocurrency, their customers will not be able to repay debts on credit cards.

The ban on the use of credit cards for the purchase of the crypto bank was banned for the protection of its clients. The problem would arise if the price of virtual currency suddenly dropped, as usual, leading to the credit cards of their clients going into a deep minus from which they might not be able to “spill”. Many clients would only accumulate debts on their accounts without such prohibitions.

The alarm among bankers and lenders rose when they realized that customers used credit cards more often to finance the bill by which they buy digital currencies. There are currently large investments in cryptocurrency. Customers claim that they need to invest because the price of crypts can only begin to grow after such a series of crashes.