The Bitcoin price fell to just under $ 43,000. Ether hit harder.
(Photo: Reuters)
Beijing, Frankfurt Many digital currencies like Bitcoin came under significant pressure on Friday. The trigger was a message from the Chinese central bank, which was again critical of the new Internet currencies. All transactions in connection with cryptocurrencies are illegal, according to a statement from the People’s Bank of China. Foreign online services that enable the Chinese to access digital currencies are also not allowed.
“The bad news hits investors on the wrong foot,” comments market analyst Timo Emden from the analysis company Emden Research. Numerous internet currencies such as Bitcoin, Ether or Dogecoin fell significantly after the announcement was made.
The Bitcoin price fell from around $ 45,000 to just under $ 43,000. Ether, the second largest digital currency after Bitcoin, was hit harder, dropping by around seven percent to just under $ 2900. The market volume of all 12,000 cryptocurrencies fell from around 2.0 to 1.9 trillion dollars.
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