After record highs, Bitcoin is now falling. Nevertheless, the price is still well above the level before the latest boom.
The decentralized cryptocurrency, with which little is bought but a lot is speculated. This is also shown by the latest price developments. Already at the turn of the year 2017/2018 there was a similar ups and downs, inexperienced investors repeatedly lose record sums – or win them.
While a Bitcoin cost just under 34,000 euros on Friday, it fell to below 26,900 euros by Monday morning. If you invested 1,000 euros at the end of the week, you no longer have 790 today. The descent lasts the entire weekend.
It is the headlines about record values that induce many people to bet money on the currency themselves on user-friendly platforms. But the susceptibility to fluctuations should not be underestimated.
Nonetheless, the current value is still above what it was Monday a week ago. The latest wave already started in autumn, in December it suddenly shot up exponentially at a value of around 15,000 euros.
Over the year, Bitcoin recorded a price increase of over 300 percent, which makes it attractive for many investors. However, critics warn of a bubble – which will eventually burst. You can find out what bitcoins are and why they exist here.
