Bitcoin and other cryptocurrencies are under pressure again.

On Tuesday night, the price of the oldest digital currency on the Bitfinex trading platform fell by around five percent to $39,223, the lowest level in almost a month.

However, other digital stocks also fell.

Ether, the second largest Internet currency by market value, fell as much as number one Bitcoin to $ 2,951.

Prices recovered somewhat over the course of Tuesday.

At the moment, two developments in particular are weighing on the digital systems.

For one thing, many central banks around the world are tightening monetary policy because of high inflation.

Rising interest rates are weighing on interest-free investments such as crypto assets.

On the other hand, the digital currencies, which are considered particularly risky, often move with the price development on the stock exchanges.

The mood there has often been gloomy recently because of the Russian war against Ukraine.