Bitcoin does not give up and makes another attempt to return to $40,000

Bitcoin does not give up and makes another attempt to return
Last updated:

The most popular cryptocurrency resumed the negative trend this Saturday, although it managed to stop the fall and regain some ground.

Bitcoin, the most popular cryptocurrency, resumed the negative trend this Saturday and registered a sharp fall to trade below US $34,000, then stabilized and began a rally to US $38,000.

After climbing above the US $40,000 range on Friday, the crypto asset, whose price is framed in a scenario of permanent volatility, experienced a marked decline, which deepened over the hours.

The losses of these days responded to the warning by China, which assured that it seeks to prevent financial risks and targeted bitcoin.

In a statement, the Asian country expressed its intention to use tools to regulate the cryptoactive, which in the week was repeatedly below US $31,000.

The message from China came after the United States announced its progress in regulation and will ask those operations that exceed US $10,000 be reported to the treasury.