The Bitcoin is nearing a 4-week low due to weak demand in the digital market

The currency of the #Bitcoin retreated on Thursday with a four-week losing streak, approaching the four-week low recorded earlier in the day, amid weak demand for the digital market.

At 08:45 GMT, the digital currency is trading around $ 8,245, down $ 92, or 1.1%. The opening price is $ 8,337, the highest at $ 8,500 and the lowest at $ 8,191.

The #Bitcoin, the world's largest digital currency, lost 1.7% on Wednesday, its third consecutive daily loss, recording a four-week low of $ 8,100 per unit after Microsoft's decision to ban ads related to the Bing industry.

The demand for large-scale investment in the digital market has weakened since the beginning of last week, with renewed concerns about increased regulatory actions in Japan, the world's second-largest digital asset market, as well as the announcement of intensive investigations into South Korean digital exchange platforms. The world's largest digital asset market. "

In Japan, the FSA, in conjunction with the FSA, has set up more regulatory requirements for digital currency exchanges in the country as part of the authorities' extensive efforts to prevent the recurrence of hacking and piracy of domestic exchanges.

In South Korea, FSS, in conjunction with the FSC, continues to investigate the country's currency exchange platforms to ensure compliance with anti-money laundering standards and other fraud prevention measures.

The digital market this week was subject to new negative pressure, especially after criticism by European financial authorities of virtual currencies, European Central Bank member Yves Mersch said on Monday that banks should separate their dealings in other areas of encryption due to the sharp fluctuations in the digital market, He stressed that encrypted currencies do not qualify to become a real currency.

After Facebook, Google and Twitter, Microsoft sent a new blow to the digital market, with the technology giant announcing that it would block all ads related to encrypted currencies and primary currencies from Bing.

According to the company's statement, the main reason for the ban is the current illegal status of digital currency messages and encryption industry, which is increasingly dangerous to users of the Bing search engine, and the company plans to launch the ban entirely in all parts of the world from June to early July.