The rates of the 30 largest digital currencies are all in the red on Tuesday.
(Photo: Reuters)
Dusseldorf Investors are withdrawing massive amounts of money from the crypto market on Tuesday: Bitcoin fell by more than $ 8,000 in the morning compared to the previous evening, towards $ 60,000. Most recently, the oldest and most important cryptocurrency was seven percent in the red at around 60,500 dollars on a 24-hour basis, according to data from the analysis company Coinmarketcap.
Other crypto currencies are also giving way: Ether, the second largest cyber currency, is losing more than eight percent. The 30 largest digital currencies are all in the red after the entire market had risen sharply in recent weeks. Since early October, market capitalization has increased more than $ 1 trillion, or more than 50 percent.
The trigger for the sell-off is unclear. Traders see a possible reason that the new US infrastructure law has been signed: A component of the program are new tax reporting requirements for cryptocurrencies.
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further