Bitcoin falls below $ 8,000!

The oldest and best known digital currency Bitcoin continued to lose ground on Friday. On the Bitstamp trading platform, the price dropped below the $ 8,000 for the first time since November. Daily loss was eleven percent in the meantime.

There are now almost 1,500 digital currencies, which are currently under pressure. By contrast, numerous crypto currencies gained massive value over the past year. Bitcoin has grown from less than $ 1,000 to almost $ 20,000.

In mid-December, however, the record hunt was over, as demands for greater control for bans on digital currencies became increasingly louder.


The announcement by Facebook caused a stir to ban future advertising for crypto currencies like Bitcoin on its pages.

Bitcoin is the oldest and best-known digital currency. Like other digital currencies, it is based on Blockchain technology. Information packages are not stored centrally but encrypted and distributed throughout the Internet.

EU Commission set up an observatory to explore the “risks and potential” of technology. For example, in the health and energy sector or in public administration, it could “create completely new foundations for much of our economy,” said Digital Commissioner Mariya Gabriel.

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Categories: Crypto Currency

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