Bitcoin Falls After Surpassing $42,000

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The largest digital currency by market cap yesterday soared to $42,552. However, last night, Bitcoin started to suffer heavy losses after investors switched to selling on the spot market at the end of the US trading session.

At the moment, BTC is trading at $39,212. Ether (ETH) and Binance Coin (BNB) fell on Thursday during Asian deals to $2,593 and $375, respectively.

The capitalization of the cryptocurrency market decreased today to $1.741 trillion.

Ikigai Asset Management CEO Travis Kling linked yesterday’s rally to the signing of the cryptocurrency decree. This document was approved by the US authorities. It can become the basis for future US legislation on the regulation of relations in the crypto sphere.

The White House wants to pay special attention to ensuring the transparency and security of the digital asset market. In addition, the US government will prevent the circumvention of sanctions with the help of virtual currencies.

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