The hostility toward Facebook’s Libra cryptocurrency appears to be weighing on the sentiment for Bitcoin.
The world’s largest cryptocurrency dropped as much as 10% to $7,305 in New York, the lowest level since May. Other digital tokens such as Ether and Litecoin, which dropped 11% and 13% respectively, slumped even more as Facebook Chief Executive Officer Mark Zuckerberg testified before the House Financial Services Committee on Wednesday.
