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40 percent of investors are now in the red

Representations of cryptocurrencies

Supporters of Bitcoin & Co. see digital gold in computer currencies. However, they currently do not offer investors any protection.

(Photo: Reuters)

New York, Dusseldorf The sell-off on the cryptocurrency market continues almost non-stop. On Tuesday, the digital currency Bitcoin temporarily dropped below the $ 30,000 mark for the first time since July 2021. The oldest and most important cryptocurrency lost 56% of its value from its record in November 2021. At that time, the price. was nearly $ 69,000.

Losses no longer affect only investors who invested late in the crypto hype or speculators who got it wrong with their bets on cryptocurrency price hikes. Nearly 40 percent of Bitcoin investors are now in the red, according to data from analyst firm Glassnode. Price losses aren’t just painful for investors. They also hit the deals of brokers like Robinhood, specialist exchanges like Coinbase, and cryptocurrencies.

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