Bitcoin value continues to decline

The value of Bitcoin and other cryptocurrencies fell after it was learned that the United States formed a working group to try to develop a rigorous tracking of the use of this type of currency to pay the ransom of the data hijacks that have occurred in recent months.

The plan of the Joe Biden administration is to develop the tracking of the origin of the money paid to “hackers” who have dedicated themselves to preventing the proper functioning of companies, government agencies and other groups, while trying to offer 10 millions of dollars in exchange for information that leads to the identification of cybercriminals.

Thus, Bitcoin was approaching $ 31,000 at the end of last week, falling 3.5% to $ 31,550, a figure that contrasts sharply with the close to 65,000 that this cryptocurrency was worth last April.

Another cryptocurrency, MicroStrategy, also fell 3.5%, while Marathon Digital Holdings slipped 0.65%, Blockchain 1.3% and Coinbase 2.3%.

Last Wednesday Bitcoin and Dogecoin reached the minimum values ​​of the last three weeks, while Ether reached the minimums of the past two weeks.

In addition to the measures that the United States plans to adopt, these currencies were also affected by the latest statements by the president of the Federal Reserve, Jerome Powell, who in statements before the country’s Senate assured that both Bitcoin and other cryptocurrencies have not managed to convert in a payment method, except for those who want to remain anonymous.

In recent months, cryptocurrencies have been used to pay ransoms of millions of dollars in various cyberattacks in which company data was hijacked, including the meat company JBS and the Colonial pipeline.

Bitcoin has also been in the sights of investors after El Salvador became the first country to accept it as a legal tender and regulate its use through law.


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