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Video Length 25 minutes 00 seconds
It lost half its value on Friday as other cryptocurrencies traded in the red.
Bitcoin, the mother of all cryptocurrencies, has lost almost half of its value in just a few hours.
Last year it reached an all-time high of $ 65,000.
But on Friday dropped below $ 35,000 for the first time in months.
And it’s not just Bitcoin. Some of the biggest names in blockchain have been trading in the red.
Some blame the Central Bank of Russia proposed on Friday banning cryptocurrency trading and mining.
A ban China it had a similar effect last September.
But the U.S. Federal Reserve’s decision to raise interest rates was already in effect before Russia’s announcement.
What does this say about the global economy?
Presenter: Hashem Ahelbarra
Guests:
Naeem Aslam – Chief Market Analyst at AvaTrade
Zennon Kapron – Director of Kapronasia and author of Chomping at the Bitcoin: Past Present and Future, Bitcoin in China
Brian Lucey – Professor of International Finance and Merchandise at Trinity Business School
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