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Bitcoin (BTC) Falls Back Again As Facebook’s Libra Faces Huge Setback

Blockchain / Cryptocurrency / Finance / July 8, 2019

Bitcoin

Bitcoin (BTC) has been on a tearing run for much of 2019 after making a remarkable turnaround from its low of last year. However, the past few days have not been particularly great for the cryptocurrency as the price fluctuated quite wildly at the start of the week. Although Bitcoin did recover, the price slumped on Friday yet again as Facebook’s proposed cryptocurrency has reportedly run into trouble with the House of Representatives Committee on Financial Services.

According to reports, the committee has apparently asked Facebook to refrain from developing Libra, its cryptocurrency, and once the …

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