Bitcoin loses 50% of its value gained this year

Bitcoin fell 13% on Sunday after the world’s largest and most popular cryptocurrency plunged, sending it to nearly 50% of the highest value reached this year.

Bitocin fell to $ 32,601 while Ether to $ 1,905 on Sunday. Bitcoin markets operate 24/7 allowing for price changes and unpredictability.

The cryptocurrency is under pressure from Tesla billionaire who last week said the company would not accept bitcoin to buy its cars.

Furthermore on Friday the pressures in China continued blocking any activity related to bitcoin trading or mining.

U.S. authorities also warned of restrictions as the Treasury Department said any transaction over $ 10,000 should be reported to regulators. / PCWorld Albanian