Bitcoin price fell below $95,000, according to data from Coindesk. This comes amid news that Microsoft is unwilling to follow software developer MicroStrategy’s lead and invest in this cryptocurrency, Bloomberg reported.
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At its lowest in the last 24 hours, Bitcoin was trading at $94.33 thousand, having lost 4% of its value. At 22:02 Moscow time, the price of the cryptocurrency was 95.06 thousand dollars.
Other popular currencies also fell significantly in price, for example, Ethereum (6.7% to $3.6 thousand) and the Dogecoin meme, backed by billionaire Elon Musk (-13% to $0.38).
Previously, on December 10, Bloomberg wrote that Microsoft management did not want to invest in bitcoin, even after a personal appeal from Michael Saylor, the founder of MicroStrategy, which owns bitcoins worth more than $40 billion.
The businessman stated that with the help of investments in cryptocurrencies Microsoft will be able to increase its capitalization by 4 billion dollars. Now it is 3.3 trillion dollars.
On December 5, the price of Bitcoin surpassed $103,000 for the first time in history. Its price began to rise from around 68 thousand dollars in the context of the US presidential elections. After Donald Trump won them, the coin began to grow rapidly and began updating records periodically.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
