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Bitcoin course, ether course and Co .: Current news and courses of crypto currencies

Bitcoin's price is still in free fall. In the afternoon, the price of the oldest cryptocurrency slips temporarilyto $ 32,837. Bitcoin was last lower at the end of January.

Compared to the previous high of over $ 64,000 from April, Bitcoin has lost almost half of its value.

Also the second most important cyber motto Ethereum continues to rustle. In the afternoon she commutes around the $ 2,000 mark. Ethereum has lost almost 40 percent of its value within 24 hours.
According to Vice-President of the European Central Bank (ECB), Luis de Guindos, crypto assets should should not be viewed as a "real investment". Their underlying value is difficult to see, market participants should be prepared for further price fluctuations, said de Guindos on Wednesday in a Bloomberg TV interview.

The value of Bitcoin and other tokens has been in the last few days drastically decreased, driven in part by criticism from Tesla CEO Elon Musk, as well as further restrictions in the Chinese market. Some traders may also have taken profits after Bitcoin's spectacular run to nearly $ 65,000 in April.

The ECB also announced in its financial stability report on Wednesday that of cryptocurrencies only limit risks for the broader financial system even if the price hike "dwarfs earlier financial bubbles like the 'tulip mania' and the South Seas bubble in the 1600s and 1700s."


"If you are having trouble figuring out what the real fundamentals of an investment are, what you are doing is not a real investment"

Luis de Guindos, Vice President of the European Central Bank

Further Restrictions on cryptocurrency transactions in China to let Bitcoin slipping below the $ 40,000 mark. The biggest cyber currency is now 40 percent below the annual high of $ 64,895.22 achieved in mid-April.

The second most important digital currency, ether, connected to the Ethereum blockchain network, slumped 15 percent to $ 2,875.
The Chinese financial industry associations in a joint statement prohibit their members from doing business with Bitcoin & Co. The rates of crypto currencies swayed greatly and thereby endangered the economic and financial order, the National Internet Finance Association of China, China Banking Association and Payment and Clearing Association of China warned on Tuesday.

Chinese authorities have repeatedly tried in recent years to put a stop to speculation in cyber foreign exchange.
Sven Giegold, the spokesman for the European Green Group and member of the European Parliament, calls for the To legally cap the resource consumption of cryptocurrencies such as Bitcoin. The ecological damage of the cryptocurrency has become too great due to the growth of the cyber currency.

Also the Economist Lüder Gerken, Director of the Center for European Politics, is critical of the greenhouse gas emissions of the cryptocurrency. A worldwide adjustment of CO2 pricing, for example through global emissions trading, is currently being seen Relocated energy-intensive processes such as Bitcoin mining to countries with more relaxed climate protection requirements would.

In order to create the digital currency, users have to provide computing capacity for the encryption and validation of transactions. You will be rewarded for this in Bitcoin. According to a study by the University of Cambridge and the International Energy Agency IEA, this "prospecting" or "mining" uses as much electricity as the Netherlands annually.

Tesla boss Elon Musk fueled the debate about the energy consumption of cryptocurrencies. He announced on Twitter that Tesla would no longer accept Bitcoin payments for environmental reasons. The Bitcoin price had then slumped over ten percent.



"As long as cryptocurrencies were small sandbox games, there was no need for regulation, innovative technologies have to be given space to develop. But if something becomes ecologically damaging on the scale of mining cryptocurrencies like Bitcoin, then you have to intervene"

Sven Giegold on the newspapers of the Funke media group

Tesla boss Elon Musk posted another tweet about Bitcoin - after that the price of the most important cryptocurrency recovered slightly. Musk made it clear in the tweet that Tesla has not yet sold any Bitcoin.

On Sunday evening, Musk triggered unrest in the crypto market with a tweet, after which Bitcoin had slipped over ten percent to a three-month low of $ 42,285. The cyber currency is now back at $ 44,368.



Elon Musk pushed Bitcoin's price below the $ 45,000 mark with a tweet on Sunday. A single word from the Tesla boss was enough:
The Bitcoin is according to Anthony Scaramucci still the cryptocurrency that one should own - even if she has struggled in the past few weeks. This is what the founder of the investment firm SkyBridge Capital and former communications director of the White House said in an interview, according to the Bloomberg news agency.

It is still almost impossible to convince investors of Bitcoin, said Scaramucci. But he advises you to hold at least a small portion of the cryptocurrency.

Scaramucci is known to be a strong proponent of Bitcoin. Large investors are currently showing increasing interest in cryptocurrencies due to the overall massive price gains. Bitcoin has recently recorded significant losses. On Saturday, it roughly held its previous day level and traded at 48,860 US dollars in the morning.