Bitcoin price dropped by $6,000 per hour

The main cryptocurrency of the world a few days ago was successfully entrenched at $ 50,000. Several times its rate approached $53,000. But on September 7, an hour was enough for the value to immediately fall by $6,000.

El Salvador is the first country in the world to accept BTC as a legal currency. The state legalized payments in cryptocurrency, but very quickly faced the first problem. It lies in the difficulties of implementing the idea.

In order for Bitcoin to become available to all users, the country’s authorities launched the Chivo software, which is a national digital wallet in which cryptocurrencies are to be stored. But it did not work for long – the President of El Salvador has already announced the suspension of the application.

It is the problematic launch of Bitcoin in El Salvador that is called the main reason for the fall in the value of the cryptocurrency. On September 7, the price of the BTC coin was about $ 50 600. An hour later, the rate dropped to $ 44 600. The cryptocurrency has not been so cheap since the middle of last month.

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Alexandr Ivanov earned his Licentiate Engineer in Systems and Computer Engineering from the Free International University of Moldova. Since 2013, Alexandr has been working as a freelance web programmer.
Function: Web Developer and Editor
Alexandr Ivanov

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