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Bitcoin slides another 16%, falling below $50,000 as Janet Yellen raises the alarm

Bitcoin slides another 16%, falling below $50,000 as Janet Yellen raises the alarm

2/23/2021 12:28:00 PM

Bitcoin slides another 16%, falling below $50,000 as Janet Yellen raises the alarm

Bitcoin plunged 16% in the last 24 hours, sinking below $50,000 to trade as low as $45,389.

.Bitcoin isn't controlled by any central authority. So-called miners run high-power machines which compete to solve complex math puzzles in order to make a transaction go through. Bitcoin's network consumes more electricity than Pakistan, according to an

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from researchers at Cambridge University.Yellen also warned about the risks of bitcoin investing to retail investors Monday."It is a highly speculative asset and you know I think people should be aware it can be extremely volatile and I do worry about potential losses that investors can suffer," the former Federal Reserve chair told CNBC's Andrew Ross Sorkin at a New York Times DealBook conference.

Bitcoin is still up more than 60% since the start of the year, and price swings of more than 10% aren't a rarity in crypto markets. Bitcoinin 2017 before shedding 80% of its value the following year. Read more: CNBC »

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People have taken thousands of cold-stunned sea turtles to a convention center in South Texas in hopes of saving them during the unusually chilly weather

BTC gets the most hindsight sight bias talk everyday. remind us more often, just bought more. thank you. It's bouncing back already. Just some profit taking.. sheesh JanetYellen is an uninformed Paleolithic economist that hasn’t done even the most basic research into bitcoin and thus sounds like a fool to anyone that has.

imagine being scurred of freakin' Janet Yellen Buy Signal This is ONLY a concern for Americans, so can we finally stop acting like its Asia or some other part of the world dumping while its clearly US snowflakes that are leading the dump? Been telling everyone, but no one ever listened to this kid....individual investor(retail) should be careful, you still need have for a meal

24amira_ stay strong and HODL x That's NOT the reason why it's down. Stupid cnbc look at charts and plug in ridiculous titles Bitcoin dropping lol. Bitcoin loses ~$8000 in less than a week while Dogecoins only losses a penny and a half in 2 weeks. bitcoin dogearmy dogeto1dollar cryptocurrency DogecoinToTheMoon

They should ask millennials and generation Z. Also I think that people born after 2020 won’t have the patience to use banks when they can do everything faster just with a phone Yellen would be an advocate for $Nano. Instant transfers, 0 fees and environmentally friendly. The future is Nano. bitcoin I'd be alot more concerned about the crumbling US Dollar personally 😎

Why aren’t there so much Bitcoin tweets anymore? VeganPeace_BSSV Its BTC shitcoin Bitcoin is BSV BTC is going to sub $1 a coin, everyone save yourselves and sell, sell, sell. Now, let me move a chunk of FIAT to the exchange in readiness...👿 JanetYellen Is a 🦖 and doesn’t know jack S&! about Bitcoin. fud. When is the stimulus coming so I can buy more?

Janet who? dinotalk She is afraid. You are irrelevant in bitcoin community. Good buy dips Good. Maybe miners will stop buying every decent GPU in existence for a couple of minutes, so I can finish building a PC. michael_saylor Say 👍 Hi Janet’s firing up the printer... No whales dump on future gambler 😂

Nothing to do with Janet Yelling This?