The price of the most popular cryptocurrency fell yesterday, April 18th.
Bitcoin recovered most of its losses after a big dive of up to 14% yesterday, Sunday, April 18th.
Reports of impending dismantling by the US Treasury Department of money laundering networks in digital assets reportedly contributed to yesterday’s decline.
In addition, the data site CoinMarketCap cites for the selloff the power outage in China’s Xinjiang, which allegedly supplies much of the “mining” of cryptocurrency.
The fall in the price of Bitcoin also comes after the ban by the Central Bank of Turkey on the use of cryptocurrencies for purchase last Friday.
Bitcoin has risen more than 90% since the beginning of the year, due to its acceptance as an investment and payment method. In addition, the growing number of companies – such as PayPal and Square – that allow transactions with the largest cryptocurrency has given a huge boost to Bitcoin.
