Bitcoin has fluctuated between $ 30,000 and $ 40,000 since mid-May, sometimes with strong fluctuations.
Now he gave in again significantly.
Frankfurt / Main (dpa) - The world's best-known digital currency Bitcoin expanded its losses of the past few days on Sunday.
In the afternoon, the price slipped 6 percent to $ 33,337, its lowest level since June 9th.
At the beginning of the week, Bitcoin had cost more than $ 40,000.
Most of the other cryptocurrencies, such as ether, also lost significant amounts of value.
Bitcoin has been fluctuating between $ 30,000 and $ 40,000 since mid-May, after swelling to almost $ 65,000 in April.
Despite the latest correction, it is still well above the mid-2020 level, when the price was around $ 10,000.
Experts like market analyst Timo Emden see the Bitcoin price under pressure from two sides.
On the one hand, the reactions to the most recent attempts at recovery are a sign of a lack of willingness to buy.
On the other hand, the Bitcoin price is posted on the chart.
"Confident buyer groups are still staying away," wrote Emden in a comment on the current share price development.
"A slide below the psychological 30,000 mark could lead to new turbulence in the markets."
© dpa-infocom, dpa: 210620-99-71513 / 2
