The oldest and most important cryptocurrency has lost 44 percent from the record high of almost 69,000 in November.
(Photo: Reuters)
Dusseldorf Bitcoin fell to its lowest level in five months on Friday. According to data from the analysis company Coinmarketcap, the daily low of the oldest and most important cryptocurrency is $38,592, most recently the price was just above the $39,000 mark.
Cryptocurrencies from the second row also gave way. The market capitalization of all cybercurrencies fell as low as $1.83 trillion. This is the lowest level since September. The market as a whole is down 38 percent since November, down more than $1 trillion. Bitcoin has even lost 44 percent of its value compared to the record high of almost 69,000 in November.
“The renewed slide below the $40,000 mark urges caution,” commented crypto analyst Timo Emden from the analysis house of the same name. “Especially over the weekend, further turbulence is conceivable. If the $37,000 mark is permanently undercut, investors will have to deal with the $30,000 mark.”
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