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Frankfurt / Main (dpa) - The digital currency Bitcoin slipped below the $ 50,000 mark for the first time since March 8.
The price fell to a little more than $ 48,000 in early trading on the Bitstamp trading platform, but has recently recovered somewhat.
At a price of a good $ 49,800, Bitcoin was still around four percent below its level on Thursday evening.
The world's best-known cryptocurrency has been under pressure for a few days - among other things because of reports of tougher action by the United States against the use of digital currencies for money laundering.
On Friday night, US President Joe Biden's plans to tax the rich caused uncertainty about Bitcoin.
Since the record high of just under $ 65,000 reached in mid-April, the minus adds up to almost a quarter.
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Despite the recent losses, Bitcoin is still clearly in positive territory in the medium and long term.
Since the end of 2020, the increase has been 70 percent.
Over the year, the plus is more than 500 percent and in the past five years the price has increased by more than 10,000 percent.
For some time, however, a shift from Bitcoin to other Internet currencies such as Ether, Binance, Tether or XRP has been observed among the many cryptocurrencies.
According to a list by Coinmarketcap.com, Bitcoin's share of the market capitalization of all digital currencies is only slightly more than 50 percent.
At the beginning of the year it was almost 70 percent.
© dpa-infocom, dpa: 210423-99-322787 / 2