The cryptocurrency market witnessed during the past two days the biggest decline in about 7 weeks, as the “Bitcoin” currency fell by 15%.
According to a report published by the economic site Finanz, the decline began last Saturday and strengthened on Sunday, and the “Bitcoin” currency fell yesterday by 15% to $ 51.7 thousand, and the world’s most famous currency lost nearly $ 140 billion of its market value.
Today, Monday, the “Bitcoin” currency was trading at $ 56.961 thousand, an increase of 1.75%, amid expectations that the currency will rise to $ 57 thousand during today’s trading.
As for other digital currencies, Ethereum cryptocurrency is down by more than 18%.
The drop came after FXHedge posted a tweet, citing sources, that the US Treasury Department was planning to impose fines on several financial institutions that practice money laundering with digital currencies.