St. Louis Fed President: Crypto Crypto Crashes Is Not Risky For The System

St. Louis Federal Reserve Chairman James Bullard said that the sales transactions seen in Bitcoin and other cryptocurrencies do not pose a risk to the general financial system.

Speaking about the drop in cryptocurrency prices on Wednesday, Bullard said. “I don’t see this in itself as a concern for the system. We are all aware that crypto can be volatile. ” said.

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Bitcoin price, per day Up to $ 30,006 fell. According to CoinGecko data, BTC at the time of writing From $ 37,086 trading.