Bitcoin drops below $35,000, and Bank of America‘s investment strategist calls BTC “the worst of all bubbles”

Bitcoin shows a crushing drop

The main cryptocurrency fell below $35,000. It peaked on January 8, when BTC reached $41,590 according to Coinmarketcap. After that, the rate of the crypto coin began to decline. As of January 11, the price of bitcoin is $34,660.

Bank of America calls BTC “worst of all bubbles”

Bank of America chief investment strategist Michael Hartnett has compared the recent rally in the first cryptocurrency to other bubbles. He noted the “increasingly speculative” investment behavior of bitcoin.

Crypto exchange Livecoin to pay a bounty for information about the hack

Crypto platform Livecoin, which was attacked at the end of December last year, moved to the temporary domain Livecoin.news. The new site is still the only channel of communication with users. Livecoin representatives asked customers “not to use the old domain for any purpose until further notice.”

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