12/16/2019, 10:13 PM (Source: TeleTrader)
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Bitcoin drops after Chinese crypto scam

Bitcoin fell on Monday after the blockchain analysis company Chainalysis reported that a crypto scam, called PlusToken, which managed to raise billions of dollars in bitcoin and other cryptocurrencies during one year period through a Ponzi scheme, started discarding thousands of coins every month on the open market.

Also, the drop came shortly after United States President Donald Trump stated that phase one trade deal will be finalized in the next two weeks.

Bitcoin fell 3.33% to $6,913 at 10:03 pm CET. In the last month, Bitcoin fell 18.89%. However, since the beginning of the year, it has increased by 80.48%.

Breaking the News / TF