The cryptocurrency Ethereum soared by more than 8% on Monday, reaching $2,587. Nevertheless, it was still 40% lower than the previous highest point of $4,300.
Bitcoin is Ethereum’s biggest competitor, and it has followed suit, rising by 3.7% to $36,997. Bitcoin’s activity has decreased recently, but it has fallen by 35% last month, mainly due to the strengthening of supervision.
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Earlier, the Governor of the Bank of Japan Haruhiko Kuroda had criticized cryptocurrencies, claiming that many of the transactions were speculative.
Subsequently, China also began to crack down on mining activities. In April, the price of Bitcoin once rushed to $65,000, but it has fallen a lot now.
Reminder: Investment is risky, and you need to be cautious when entering the market. Digital currency investment has greater risks and unpredictability, and this article does not constitute any form of investment encouragement and advice.
