Bitcoin falls to its lowest level since June as Zuckerberg testifies on Libra

Bitcoin slumped as much as 9% on Wednesday — hitting its lowest level since June — ahead of Facebook CEO Mark Zuckerberg's testimonial on the company's proposed cryptocurrency, Libra. Zuckerberg is due to answer questions from a House Financial Services Committee about Facebook's ambitions in financial services. Other cryptocurrencies also slipped, with Ethereum falling 10% at its lows. Watch Bitcoin trade live here. View Business Insider's homepage for more stories.

Bitcoin slumped as much as 9% on Wednesday — hitting its lowest level since June — ahead of Facebook CEO Mark Zuckerberg's testimonial on the company's proposed cryptocurrency, Libra. Zuckerberg is due to answer questions from a House Financial Services Committee about Facebook's ambitions in financial services. Other cryptocurrencies also slipped, with Ethereum falling 10% at its lows. Watch Bitcoin trade live here. View Business Insider's homepage for more stories.

Not surprised to see this. very risky investment with nothing to back it up.

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Zuckerberg testimony begins: 'I actually don't know if libra is going to work'“If America doesn’t innovate, our financial leadership is not guaranteed.” Mark Zuckerberg says that he doesn’t know if Facebook’s libra cryptocurrency will work, but that he thinks it is important to try. This guy always looks to me like a little boy who is trying to act like a man. DeleteFacebook Not to turn away from the topic at hand, but is Zuckerberg's hair cut the worst ever? Ever?
Source: CNBC - 🏆 12. / 72 Read more »