After the crypto currency Bitcoin with around 42. 000 US dollar had reached a new all-time high, the current exchange rate is now just under 35. 000 U.S. dollar. Thus, the currency lost over 7 within two days. 000 US dollars at their value. There is currently no end in sight to the downward trend. It remains to be seen whether the course will recover in the coming days. However, according to Bitcoin expert Tilo Emden, this could pique the interest of new investors. It is therefore possible that the digital coins will gain in value again in the near future.

However, the crash shows once again that the Bitcoin rate even in the year 2021 is anything but is stable. At the end of November, the crypto currency was already on the decline and shortly thereafter celebrated its comeback with an all-time high. In January 2020 the purchase price for one Bitcoin was between 7. 200 and 8. 500 Euro. It wasn’t until the following December that the cryptocurrency rose significantly. A similar development was already evident in the year 2017, when the price also rose significantly towards the end of the year.

Anyone who is currently thinking of securing one or the other coin in the digital crypto currency should note that this is an extremely speculative investment. Due to the massive fluctuations in exchange rates, it is possible that the Bitcoins will lose massive amounts of value within a few days. However, if you look back at the course of the past few weeks, the opposite is also conceivable.

If you look at other currencies such as Ethereum, the exchange rate here is currently around 900 Euro. An ether last achieved similar highs in January 2018. The drop in the price of a bitcoin could also cause the price to slide here. So far this does not seem to have occurred.