The world's highest-valued digital currency, "Bitcoin", fell to its lowest levels during trading today, Tuesday, after Gary Gensler, a possible candidate to head the US Securities and Exchange Commission in President Joe Biden's administration, said that the digital currency market is unable to guarantee its market is free from fraud and manipulation .
Bitcoin fell by 3% to trade at $ 47.341.
Gensler explained, during a Senate hearing on Tuesday, that the US Securities and Exchange Commission will face a challenge in removing cryptocurrency fraud.
It is noteworthy that last week witnessed a sharp correction in the cryptocurrency market, as Bitcoin fell below the level of the market value of one trillion dollars, to currently reach $ 826 billion, and a correction of the currency value occurred by more than 20%, as it lost $ 15,000 from the top Its level at all, before the correction process continued and decreased again, to trade below 45 thousand dollars.
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