Cryptocurrencies are under pressure. Experts see further downside potential.
(Photo: Reuters)
Dusseldorf Bitcoin continues its downward trend and has meanwhile fallen below the psychologically important $40,000 mark. According to data from the analysis company Coinmarketcap, the oldest and most important cryptocurrency was again just over $40,100 on Tuesday morning. Bitcoin has lost almost 17 percent of its value since its high for the year on March 28 at $48,087.
Other digital currencies are also falling significantly. Ether is currently struggling at the $3,000 mark and has lost 16 percent since its interim high in early April. Coins like Cardano and Polkadot have fallen more significantly, having lost more than 20 percent since the beginning of April.
As a result, the mood on the crypto market has also plummeted. The corresponding index of the platform Alternativme currently shows “extreme fear”. At the beginning of April, the index was still showing a neutral mood.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue