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Bitcoin under pressure: Price slips below $ 34,000

2021-06-26T14:30:39.776Z


Bitcoin has fluctuated between $ 30,000 and $ 40,000 since mid-May, sometimes with strong fluctuations. Now he gave in again significantly.


Bitcoin has fluctuated between $ 30,000 and $ 40,000 since mid-May, sometimes with strong fluctuations.

Now he gave in again significantly.

Frankfurt / Main - Bitcoin, the world's most famous digital currency, increased 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, with some strong fluctuations, after rising 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

Source: merkur

All news articles on 2021-06-26

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