The price of the cryptocurrency is also moved by technical chart signals.
(Photo: Reuters)
Dusseldorf Bitcoin’s upward trend has stopped for the time being. According to data from the analysis company Coinmarketcap, the price of the oldest and most important cyber currency on Friday morning was around $45,000. Previously, the cryptocurrency failed to break through an important chart technical mark.
Other cryptocurrencies are also giving way. Ether fell back below $3300, Binance Coin to $3300. The market capitalization of the entire crypto market fell by almost four percent below the $2.1 trillion mark on a 24-hour basis.
On Tuesday, the Bitcoin price was still above $48,000 near the 200-day line, which is currently around $48,300 and represents the moving average price over this period. The brand is particularly popular with long-term investors.
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