Bitcoin slides on environmental concerns but backers hope for a $100k high

Edgar Borja and Edwin Escobar check the parts of a K1 ATM prototype, which is designed for handling cash, card payments, Bitcoin and receiving remittances, in Santa Tecla, El Salvador June 25, 2021. REUTERS/Jose Cabezas

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters

Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact.

Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the…

Source link

About search

Check Also

California gas prices are sky high, with one town charging almost $8 a gallon

A Chevron station in the 900 block of Alameda Street in downtown Los Angeles has …

Leave a Reply

Your email address will not be published. Required fields are marked *