Bitcoin reaches its lowest level in the month

Bitcoin prices remain close to a month's low on Thursday after losing 11% this week on uncertainty after China has decided to ban trade in all cryptomonas.

The Bitcoin hit $ 3,744.4, close to a one-month low reached Wednesday and estimated at $ 3734.00. It was at $ 3.807.20 at 05:25 am ET (09:25 GMT), down 1.11%.

At its current price, the market capitalization of Bitcoin is $ 63 billion.

The Bitcoin lost 20% this month from a peak estimated at $ 4,969.00 and reached the beginning of the month, thus displaying the characteristics of a bearish market.

Despite these losses, the Bitcoin has quadrupled in value terms since the beginning of the year.

Caixin reported on Friday that the Chinese authorities had planned to close local stock exchanges of cryptomony

This occurs after the People's Bank of China said in a statement that the ICO investigation had been completed and that it was now forbidden to use it in the future.

Jamie Dimon, director at JPMorgan Chase, said Wednesday that the Bitcoin is "a scam" and that it will explode. These comments were made at a conference with bankers and investors in New York.

Also Wednesday, Bank of America Merrill Lynch said that a quarter of the fund managers questioned say the Bitcoin market is "particularly congested. "

Meanwhile, the Bitcoin course is receding and the Bitcoin Cash is receding. It fetches $ 489.00, down 2.89%.

At its current price, the market capitalization of Bitcoin cash is $ 7 billion, making it the third largest cryptomonnaie.

Elsewhere, the Ethereum , the second cryptomonte in market capitalization drops 2.68% to $ 268.11.