LONDON: Bitcoin dipped almost 8per cent on Thursday, extending losses the day after U.S. Federal Reserve Chairman Jerome Powell called for a halt to Facebook's Libra cryptocurrency project until concerns ranging from privacy to money-laundering were addressed.
"This is a direct response to the Powell testimony and comments on Facebook's Libra and the implications that could have for the entire cryptocurrency space," said Craig Erlam, senior market analyst at FX trading platform OANDA.
Source: Digital Coin News (digitalcoinnews.net)
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