Bitcoin dropped sharply after Jamie Dimon, JP Morgan Chase's CEO, called a battling scam that eventually exploded like no other bubble so far.
At a press conference organized by Barclays Capital, Jami Dimon said "This is worse than the tulips and it will not be over." Following this comment, the price of the keypad fell 2.23% to $ 4108.
Dimon's warning comes in a period of uncertainty about the crypto-lute, after the Chinese government's ban on banning the exchange of crypto-lows in the country. China's central bank, along with other regulators, has banned Chinese platforms allowing retail traders to trade crypto currencies.
China is one of the countries most affected by the crypto market, as demand for this type of currencies is the largest, and every regulation is strongly reflected in the prices of crypto-lows.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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