avalanche! Bitcoin fell below $36,000, making it the worst asset of the year.

No snowflake is sacred in the avalanche!

Representatives of the most popular “asset bubble” (ARK, non-performing stocks, SPAC, Bitcoin ETF, etc.) floundered at all levels during the impact of foreign risk assets at the start of the year .

Bitcoin was particularly tragic.

Bitcoin, the worst asset since the beginning of the year

After yesterday's crash, Bitcoin fell from its high of $39,000 on January 22 and fell below $36,000 for the first time since July 2021. It was the worst below $35,500 and a times lost more than 9%. According to the press release, the actual Bitcoin price was $36,444.7, down 8.53% in 24 hours.

In line with market time, US security type blockchain concept stocks also fell. Coinbase (COIN.O) was down 13.38%, Riot Blockchain (RIOT.O) was down 14.14% and Canaan Technology (CAN.O) was down 13.36%.

Bitcoin reached an all-time high of nearly $69,000 in November last year and has now lost nearly 50% of its value.

According to statistics, Bitcoin is the last in terms of asset performance in 2022. And in 2021, Bitcoin cashback will be a good number. Since 2022, Bitcoin has only risen for six trading days, falling 11.5%, marking its worst start since 2012.

Today, the total market value of cryptocurrencies like Bitcoin and Ethereum has fallen from an all-time high of $2.930 trillion set for November 9, 2021 to $1.98 trillion.

A Period of Strong Cryptocurrency Governance May Come

Biden leaders are considering tightening controls on cryptocurrencies.

Biden leaders are expected to announce the federal level of digital assets as early as next month and ask government agencies to assess the risks and timelines, Bloomberg News reported on Friday People know the problem.

The plans have been repeatedly discussed by supervisors and are now being worked on as leaders, the foundation said.

For many years, government agencies have studied digital asset management or provided information on how to regulate many aspects of cryptocurrency activity as required by federal law.

There is also pressure on the White House to play a bigger role due to "workplace regulations" adopted by government agencies.

While cryptocurrency market figures complain that US regulations are not clear enough, others worry that digital currency projects from other countries will affect the value of the currency.

According to Dow Jones Newswire, the White House is exploring ways to regulate the cryptocurrency market.

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said U.S. exchange rate rules have provided regulatory strength for digital securities. He thinks there is a "void" in the benefits of digital governance that Congress can fill in a number of ways, including controlling the cryptocurrency exchange process.

Biden officials are also weighing heavily on the judicial heads of government agencies that would be responsible for regulating cryptocurrencies to combat ransomware and other forms of terrorism from cybercriminals.

The White House declined to comment on a recent Bloomberg report, citing people familiar with the matter.

Separately, the US government has said it will determine the potential of publicly sponsored digital tokens called central bank digital currencies.

On Thursday, the Fed announced a 35-page public consultation on May 20.