Bitcoin in the red for the second day in a row. Why?

Bitcoin and other cryptos are in the red these days. Time for a small update to see the state of affairs.

The increase above the previously reached $50,000 is still not forthcoming. In fact, for now, the price is moving in the other direction. That is the picture being painted these days. Yesterday, Bitcoin’s price fell by several thousand dollars. That decline now continues with a price below $47,000.

At the time of writing, the share price has fallen by more than two percent compared to yesterday. The lowest point was reached around 9:00 am with a value of $46,600 on Coindesk. Other currencies are also in a negative spiral. Ethereum is down, just like Ripple, for example. Some altcoins seem to take an even harder blow. Dogecoin fell about five percent in 24 hours.

Bitcoin in the red

The question is always what you can link that decline to. And that is and remains speculation. If you look at the news, hacks of crypto exchanges in particular have received a lot of attention lately. Negative news for the crypto world and you can link a negative price to that.

For the time being, no growth from the $ 50,000 for Bitcoin so now that the currency is in the red. The opposite seems true.