BTC extends losses to a three-week low due to concerns over US restrictions

Bitcoin" fell more than 3% on spot trading on Wednesday to deepen its losses for the third day in a row, hitting a three-week low, with open selling after a drop at $ 6,800, The United States is "the world's largest digital asset market".

On the "bitstamp" stock exchange by 08:45 GMT, the digital currency is trading around $ 6,480, down $ 237 by more than 3.5%, the opening price at $ 6,717, and the highest at $ 6,717, and the lowest of $ 6,390 since 16 Last July.

The digital currency "bitcoin" fell 3.1% on Tuesday, the second daily loss in a row, as market sales accelerated after the SEC decision.

The world's largest currency, bitcoin, fell last week by 14.5 percent, its first weekly loss in the last three weeks, and the biggest weekly loss since late March, as market selling resumed due to renewed concerns about regulatory restrictions in the states. The United States and Japan.

The market value of digital currencies fell Wednesday by about $ 12 billion to $ 229 billion, the lowest level since 17 November 2017.

Concerns about regulatory restrictions in the United States have been renewed once the US Securities and Exchange Commission (SEC) has postponed a decision on allowing the inclusion of bitcoin-backed funds by the end of September.

According to an official document issued on Tuesday, August 7, the US Securities and Exchange Commission (SEC) postponed its decision to list and trade ETFs, which are backed by the world's largest digital currency, until September 30.

ETF are originally securities that represent a basket of assets that are proportionately represented in the Fund's shares and are viewed by investors as an important step in the way of the collective adoption of digital currencies as an organized and safe investment tool.