Around $1.8 trillion has been withdrawn from the crypto market since last November.
(Photo: Bloomberg)
Dusseldorf The sell-off in the crypto market continues: The oldest and most important cybercurrency Bitcoin has now fallen below the $27,000 mark. According to data from the analysis house Coinmarketcap, the price was trading at around $26,900 on Thursday morning.
The price of the digital currency has thus reached its lowest level since December 29, 2020. All investors who have since bought Bitcoin and are still holding it are therefore in the red with their investment.
The development for the entire market is similarly dramatic. Ether, the second largest cryptocurrency, has fallen below the $2000 level. Here, too, the minus compared to the record high last November of almost 4900 dollars is more than 60 percent. The market capitalization of all cryptocurrencies has since fallen from just under $3 trillion to under $1.2 trillion. More than $600 billion has been withdrawn in the past seven days alone.
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