The world's most famous cryptocurrency has been under pressure for a few days: the Bitcoin price is falling.
Reason to panic?
The
digital currency Bitcoin
slipped below the $ 50,000 mark on Friday for the first time since March 8.
This was reported by the German Press Agency (dpa) early on Friday morning.
The price fell to a little more than $ 48,000 in early trading on the Bitstamp trading platform, but has recently recovered somewhat.
With a price of a good 49,800 dollars, Bitcoin was still around four percent below the level on Thursday evening, as dpa wrote.
Bitcoin has fallen below $ 50,000 for the first time since early March
The
world's best-known cryptocurrency
* has been under pressure for a few days - among other things because of reports of tougher action by the United States against the use of digital currencies for money laundering.
On Friday night, according to dpa, US President Joe Biden's plans to increase taxation of the rich caused uncertainty about Bitcoin.
Since the record high of just under $ 65,000 reached in mid-April, the minus adds up to almost a quarter.
Read here
: What actually is Bitcoin?
Everything about the cryptocurrency in the check.
Cryptocurrency has been under pressure for days - no reason to panic
Despite the recent losses, Bitcoin is still clearly in positive territory in the medium and long term.
the report goes on to say. “Since the end of 2020, the increase has been 70 percent. Over the year, the plus is more than 500 percent and in the past five years the price has increased by more than 10,000 percent. “For some time, however, there has been a
shift from Bitcoin
to other Internet
currencies
such as
Ether, Binance, Tether or XRP
among the many
cryptocurrencies
to observe.
According to
a list by
Coinmarketcap.com
,
Bitcoin's share of digital
currencies
,
measured by market capitalization
, is only a little over 50 percent. At the beginning of the year it was almost 70 percent, ”wrote dpa.
Also read:
If the 2 euro coin has this characteristic, it can be worth 80,000 euros.
Basically, anyone who invests in Bitcoin should have strong nerves.
Experts warn of the risks
.
(ahu) Merkur.de is an offer from IPPEN.MEDIA.
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