The price of the most popular cryptocurrency Bitcoin fell to its lowest price in more than a week today. At the time of writing this copy, Bitcoin quoted at a price of $32,913, down 9.34% over the last 24 hours. 7-day percentage change in the price of the crypto is 10.60%.
In the week to June 4 as per the data released by CoinShares-digital currency manager, outflows from bitcoin hit $141 million, which accounts for 8.3% of the net inflows this year. Nonetheless, bitcoin still witnessed net inflows to the tune of $4.2 billion this year.
The sharp sell-off in the cryptocurrency space comes as traders contemplate the stance of shifting monetary policy in the US.
Also, in another development, China continues to crackdown cryptcurrency trade. Over the last weekend, a number of crypto-linked accounts on the Weibo platform were restricted as Beijing intensified crackdown on bitcoin mining and trade.
Check the price of top leading cryptocurrency by m-cap as sourced from Coinmarketcap.com
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Note: - or negative sign indicates fall in the cryptocurrency price by the same percentage.