On Thursday, the Bitcoin price fell below the $ 43,000 mark for the first time in four weeks. The cryptocurrency has lost a lot of its value since November.
Losing value: Bitcoin.
The cryptocurrency reached a record high in November.
On the market, the weakness of the digital currencies was justified by the US monetary policy.
Last November the Bitcoin price reached a new record.
Since then, the price has fallen.
On Thursday, a Bitcoin costs less than 43 '000 dollars.
The Bitcoin price fell on Thursday for the second trading day in a row and slipped to its lowest level in four weeks. On Thursday night, the oldest and best-known cryptocurrency on the Luxembourg trading platform Bitstamp sank below the $ 43,000 mark and reached $ 42,413, its lowest level since the beginning of December. Other important digital currencies such as ether have also shown price losses since the middle of the week.
On the market, the weakness of the digital currencies was justified by the US monetary policy. In the world's largest economy, interest rates could rise faster than expected. The reason is the minutes of the latest interest rate meeting of the US Federal Reserve. The transcript shows that the Fed members rate the inflation trend as higher and more stubborn than previously assumed. In the market this was taken as an indication of a quicker exit from the loose monetary policy.
It's been going down since November
«Concerns about a premature tightening of interest rate reins have investors touching crypto currencies with sharp fingers,» commented analyst Timo Emden-Research. As long as the US Federal Reserve signals a premature turning of the interest rate screws, Bitcoin can no longer benefit from extremely low interest rates as in previous years.
Since November, the price of Bitcoin has tended to decline, after reaching a record high at just under $ 69,000. With Bitcoin and other crypto currencies, there are always strong price fluctuations, often without a message. Experts therefore warn investors about the risks.
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