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Bitcoin, Ethereum, Dogecoin and Co .: The big sell-off: The crypto market is about to be cleaned up

Bitcoin cryptocurrency

Measured against the record high of November 10, 2021, the cryptocurrency is currently almost 38 percent in the red.


(Photo: Reuters)

Frankfurt, Düsseldorf The mood on the crypto market is currently gloomy: the data provider Coingecko measured extreme fear among investors in a survey. Since November, the market for Bitcoin, Ether, Dogecoin and Co. has lost almost a trillion dollars, a third of its total value.

Some investors even fear a “crypto winter” like in 2018, when Bitcoin crashed from around 19,000 to less than 10,000 dollars – and then did not recover properly for almost three years.

The current crash brings back memories of that time: While Bitcoin was still quoted on November 10, the day of the last Bitcoin record high, at 68,789 dollars, the price this week even fell below the important mark of 40,000 dollars to 39,796 dollars. On Wednesday, however, the oldest and most important cryptocurrency sent a sign of life and rose towards $ 44,000 after the inflation figures in the US.

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Reference-www.handelsblatt.com

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