Video duration 25 minutes 00 seconds
It lost half of its value on Friday while other cryptocurrencies were in the red.
Bitcoin, the mother of all cryptocurrencies, has lost almost half of its value in just a few hours.
Last year it hit an all-time high of over $65,000.
But on Friday it fell below $35,000 for the first time in months.
And it’s not just Bitcoin. Some of the biggest names on the blockchain have traded in the red.
Some blamed Russia’s central bank, which on Friday proposed a ban on cryptocurrency trading and mining.
A ban imposed by China last September had a similar effect.
But a decision by the US Federal Reserve to hike interest rates was already having an impact before the Russian announcement.
What does that say about the world economy?
Moderator: Hashem Ahelbarra
Naeem Aslam – Chefmarktanalyst bei AvaTrade
Zennon Kapron – Director of Kapronasia and author of Chomping at the Bitcoin: Past Present and Future, Bitcoin in China
Brian Lucey – Professor of International Finance and Commodities at Trinity Business School