Bitcoin deepens crash below $ 4,500, new low of 2018

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The Bitcoin lost up to 10 percent on Tuesday, falling below $ 4,500 and raising its losses by 30 percent in a week, in a general settlement for digital currencies.

Other cryptocurrencies were also plummeting: Ethereum was down 10 percent and Ripple XRP was down 13 percent, in a decline driven by lower investor confidence.

The last fall began this month, after a period of relative stability in which Bitcoin prices had hovered around $ 6,500 for several months.

"The euphoria has died and the prices have been consolidated with smaller and smaller maximums. A lot of people have lost interest, "said Fawad Razaqzada, an analyst at Forex.com.

The declines on Tuesday coincided with wider declines in financial markets. European stocks weakened after Wall Street collapsed on the eve.

In addition to the lower confidence in the value of cryptocurrencies, some operators also blame the decline to fears that a change in the protocol of the blockchain technology that supports Bitcoin operations (known as "hard fork") may destabilize to the rest.

The Bitcoin operated on Tuesday at $ 4,354.20, its lowest level on the Bitstamp exchange platform since October 2017. The unit has now lost about 75 percent of its value since the peak it touched in December.

The regulatory offensive on cryptocurrency operations launched in early 2018 and the fall in investor interest has meant that more and more people are looking for the exit gate.