Bitcoin has fluctuated between $ 30,000 and $ 40,000 since mid-May, sometimes with strong fluctuations. Now he gave in again significantly.
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 other cryptocurrencies such as ether also lost significant value.
Bitcoin has been fluctuating between $ 30,000 and $ 40,000 since mid-May, with sometimes 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 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.”
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