Bitcoin Slumps as Facebook’s Libra Continues to Get Heavy Criticism

Bitcoin

Bitcoin is taking a hit this morning and fell over 8% to below $ 9,800. Here is the key driver.

Tech giant Facebook (NASDAQ:FB) announced in June that it was going to launch its own cryptocurrency named Libra and ever since the announcement, the crypto market has been in a bit of turmoil. It attracted attention from top regulators in the United States and even the United States President Donald Trump criticized the project in one of his tweets.

The uncertainty resulted in fluctuations in the price of Bitcoin and affected the wider crypto market …

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