Bitcoin drops more than 5% on profit taking | latest...

Today, the cryptocurrency Bitcoin fell to its lowest level in one and a half weeks since it recorded its highest increase ever, but it is still on track for its best monthly performance since February.

The world’s largest cryptocurrency fell more than 5% to 58,594.

Some analysts say the losses are due to profit taking after the recent rally.

The cryptocurrency has risen about 35% this month, and if it maintains this performance, it will be the best in eight months.

On the other hand, cryptocurrencies had a busy week after the listing of two bitcoin futures trading funds in America in addition to recording record inflows last week of $1.5 billion in cryptocurrencies.

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