The successful times on the cryptocurrency market seem to be over for the time being.
(Photo: Bloomberg)
Denver, Dusseldorf The crypto market sell-off seems to have no end. According to data from the analysis company Coinmarketcap, the oldest and most important digital currency Bitcoin temporarily fell back to $26,350 on Thursday – the lowest price since December 2020. The discount on the record high from last November is now more than 60 percent. “Bitcoin and Co. have their backs to the wall,” said crypto analyst Timo Emden.
Bitcoin recaptured the 30,000 mark on Friday morning. However, Emden doubts that the recovery attempt is sustainable. “All of the countermovements that have recently been observed were of a temporary nature and were regularly sold off again.”
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