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Bitcoin's price falls below $ 10,000 as President Trump hits Cripp

A person walks past a battleship ATM in Vilnius, Lithuania

Ints Kalnins | Reuters

Bitcoin fell sharply Monday after President Donald Trump's criticism of crippolititis

The world's most valuable virtual currency fell 10% to $ 10,175, according to CoinDesk data. He briefly dived below $ 10,000, dropping to $ 9,872.

The reason for the downward move was not clear immediately. But last week, President Trump said he was "not a fan of bitches and other cripples, which are not money and whose value is highly volatile and thin air based."

Trump has also criticized Facebook's plans to create a crypto-wave called Libra that will be tied to a basket of currencies and assets backed by the government to maintain a stable currency value Facebook needs to apply for a bank license if it wants to become a bank, said Trump

Some in the crypt space have rejected Trump's comments Brian Armstrong, head executive director of the Coinbase digital exchange, said it was "an achievement," placing Cripp in the spotlight, while Tom Lee of Funston Global Advisers called it "positive, because cryptolauts and battlecock are really at the main stage." 1

9659002] However, bitkayne has risen by more than 160% since the beginning of the year, despite the recent retreat, analysts attribute the increase in the digital coin to a large extent by news from major companies such as Facebook

sta market ether and XRP – the second and third largest kriptovaluti in the world – also in negative territory. Ether plunged nearly 17 percent to $ 221, while XRP fell 5 percent to about 31 cents.

In other crypto-news, the Chinese police seized about 4,000 computers belonging to the Battlefield Miners accused of stealing electricity worth nearly $ 3 million last week. Battle extraction is known as an energy-intensive operation, with a recent study claiming to consume as much energy as Switzerland.

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