Compared to the record high in November, the cryptocurrency is currently more than 45 percent in the red.
(Photo: Reuters)
Dusseldorf Bitcoin has stabilized for now after its recent crash. On Tuesday, the oldest and most important cryptocurrency was trading at around $36,000. “Price hunters used the strong setback from the previous day to get back in,” said crypto analyst Timo Emden from Emden Research.
On Monday, the price had fallen to $33,184, the lowest level since last July. Compared to the record high in November, Bitcoin is currently more than 45 percent in the red. DZ Bank analyst Sören Hettler sees the development as “the result of the increasing importance of cryptocurrencies as an asset class among established financial market participants”.
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