Bitcoin Price Falls Again Below the Symbolic Threshold of $ 50,000

The cryptocurrency bitcoin is worth less than $ 50,000 for the first time since March 8.

 

The price fell to a low of around 48,000 dollars on Friday morning on the Bitstamp trading platform, only to recover slightly afterwards but remain below the symbolic threshold of 50,000 dollars.

The most famous cryptocurrency in the world has been under pressure for several days, partly because of reports about a stricter approach to crypto coins in the United States in the fight against money laundering. On Friday night, it was also announced that the new president Joe Biden wants to tax the rich more heavily.

In the middle of this month, bitcoin reached its all-time high of just under $ 65,000. Despite the high volatility, the price is still 70 percent higher than at the end of 2020.

In five years, bitcoin even became worth 10,000 percent more. However, other crypto coins such as Ether, Binance or XRP are gaining more and more popularity.

Experts warn investors of the dangers of cryptocurrency trading. It is not regulated, and therefore, there is a risk of abuse

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