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Frankfurt / Main (dpa) - The market for digital currencies is still under considerable pressure.
On Tuesday, major cryptocurrencies such as Bitcoin or Ether again lost value.
In many digital systems, the price losses were even in the double-digit percentage range compared to the previous day.
Overall, market sentiment seems to have been hit hard after the recent euphoria.
Bitcoin, the oldest and by far the largest Internet currency on the market, fell back by more than 15 percent at times on Tuesday morning.
A price of 45,000 US dollars has meanwhile been marked on the Bitstamp trading platform.
Bitcoin was still much higher at the weekend, reaching a record high of $ 58,354.
Since then it's been going downhill.
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The second largest cryptocurrency by market share, Ether, lost just as significantly as other digital stocks, including XRP, Litecoin and Bitcoin Cash.
Sometimes the losses were twenty percent or more.
The market value of all roughly 8,500 cryptocurrencies fell to $ 1.35 trillion after hitting a record high of around $ 1.76 trillion over the weekend.
All Bitcoins in circulation were worth around $ 850 billion on Tuesday.
Last Friday the threshold of one trillion dollars was exceeded for the first time.
The market puzzles as to why the mood in the crypto market has turned so quickly.
An obvious explanation would be that Bitcoin and Co. are simply "overbought", so the entire market is overheated.
The price increases in the past weeks and months are unparalleled.
Just over a year ago, a Bitcoin was worth less than $ 10,000, and since then its value has risen almost sixfold.
Such sharp price increases rarely turn out to be sustainable in retrospect.
© dpa-infocom, dpa: 210223-99-555433 / 2