Bitcoin fell below the value of $ 30,000 for the first time in weeks in the night from Thursday to Friday, to more than $ 29,000.
This means that the price of the world’s most famous cryptocurrency threatens to return to a free fall, after the strong advance of the past months.
Experts in digital currency have recently warned that a drop below $ 30,000 could mean further exchange losses. However, it’s not that far as the coin recovered to nearly $ 32,000 on Friday morning, according to data from Coinmarketcap, which monitors various exchanges on which the crypto is traded.
Initially, the rise of bitcoin seemed to continue this year. About two weeks ago, the crypto coin hit an all-time record of more than $ 41,000. But then the picture slowly changed. The reason for this is speculation.
Bitcoin was launched in early 2009 and was only worth a few cents back then. At the end of 2017, the currency already peaked at almost $ 20,000. But then the “crypto bubble” exploded, and the coins rapidly lost value. By mid-2018, bitcoin was still worth about $ 4,000.
Cryptocurrencies have had a shady image for years. Because they allow anonymous payments, they are also a popular tool for money laundering by criminals and other malicious persons.