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Bitcoin, the most popular cryptocurrency, oscillated on Thursday at the level of $43,000 after being dragged down by the fears of Wall Street towards the tightening of the Federal Reserve’s monetary policy although other issues such as the unrest of the last few days in Kazakhstan are also influencing it.
Around 3:00 pm GMT, the bitcoin was at $42,951.50, almost 8% and $3,700 dollars less than at the beginning of Wednesday’s session.
The leading virtual currency, which reached a historic high of $69,000 in November, had already been retreating in recent days due to political instability in Kazakhstan, where internet outages have affected its mining activity (the computer process that puts new cryptocurrencies into circulation).
Bitcoin has enjoyed from the beginning of the pandemic in 2020 until the end of 2021 a stellar trajectory, driven by the backing of companies such as Tesla or Square, prominent figures such as Tim Cook, financial institutions and small investors.