The descent of the popular digital currency Bitcoin has reached a new stage. On exchanges such as Bitstamp, the price of a Bitcoin has meanwhile dropped to $ 4,200. Thus, the losses of the cryptocurrency add up to about 25 percent in less than a week.
The Bitcoin is thus at its lowest level since October 2017. What's more, since the all-time high on December 21, 2017, the cryptocurrency has lost more than 75 percent of its value. Fueled by numerous reports of ever-new course records, many investors pumped billions into the cryptocurrency. That has hardly paid off: Who, for example, bought a Bitcoin eleven months ago for the maximum price of $ 19,840 and wants to get rid of it today would lose more than $ 15,000.
Not only Bitcoin, but other well-known digital currencies like XRP, Ether or Bitcoin Cash continued to be under pressure on Tuesday. The Internet portal Coinmarketcap gives the value of all about 2000 cryptosystems currently with approximately 152 billion dollar. That's nearly $ 60 billion less than just a week ago. At the time of the crypto-boom about a year ago, the market value of all digital currencies had reached $ 830 billion.
Experts cite many reasons for the current sell-off of digital equipment. All in all, many arguments point to a bad mood among the crypto supporters and interested investors. For example, there is a dispute over the "hard fork" of Bitcoin's "little brother," Bitcoin Cash.
In addition, decisions of the US Securities and Exchange Commission, which sentenced two companies last Friday for so-called digital IPOs (ICOs) to penalties. In addition, investors have long waited in vain for the admission of an exchange-traded index fund (ETF) to Bitcoin.
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