The world's flagship cryptocurrency, Bitcoin, has plunged to the $44,900 zone within just several hours, from the $54,000 area, losing around $10,000.
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By now, Bitcoin has printed a green candle and is recovering. BTC is changing hands at $47,965 at press time.
On Monday, treasury secretary Janet Yellen slammed Bitcoin by calling it totally inefficient for conducting transactions.
Mon, 02/22/2021 - 14:37
Bitcoin Tanks to $47K as Janet Yellen Calls It "Extremely Inefficient"
The biggest corporations, such as Tesla and MicroStrategy, are showing deep interest, with both having allocated over $1 billion of their shareholders' money in the king crypto recently.
Vladislav Sopov