Bitcoin slips below $ 14,000 - Ripple loses

The Bitcoin course continues to sag. The reason is developments in East Asia. The voices multiply, the Ethereum calculate better chances in the race of cryptocurrencies. Also, the shooting star Ripple loses
FrankfurtDuring regulatory pressure is increasing Bitcoin. The cryptocurrency shrank on Wednesday by up to seven percent to $ 13,510. One of the reasons for the mood is the announcement by South Korea to target some banks for possible money laundering in connection with virtual currencies, said Timo Emden, Germany head of online broker DailyFX.
In addition, China wants to turn off the power to Bitcoin "miners." Encrypting Bitcoin transactions requires a lot of computing power. Users who provide computers for this purpose will be paid in Bitcoin. Numerous data centers for the so-called mining of the digital currency are due to the favorable electricity in China.
Against this backdrop, crypto investors named Ethereum their new favorite, market analyst Milan Cutkovic of broker AxiTrader said. "Ethereum has the best chance with the technology and strong community to replace Bitcoin as the world's largest cryptocurrency. In the short term, a rally up to 2000 US dollars is quite conceivable. "