Value bitcoin dives below 10,000 dollars

Investors in bitcoin will also be looking at the value development of the crypto coin on Wednesday.

The bitcoin even went below the 10,000 dollar mark on Wednesday afternoon, where the currency was worth more than 11,000 dollars earlier in the day.

In particular, concerns about further regulation and government intervention in South Korea, among other things, did not make the value of the currency good. Other digital currencies also yielded value.

Compared to the peak a month earlier, the bitcoin is currently almost half worth less. In recent days, the currency experienced a free fall.

In South Korea, stories are circulating that the trade in cryptocurrency must be restricted or banned. In China and other countries such sounds are also heard, which deters investors in the coins.

More and more experts talk about the crypto coin as a bubble that bursts similar to that of the tulip mania in the seventeenth century in the Netherlands or the dotcom craze at the beginning of this century.

The price of the bitcoin has dropped below 10,000 dollars for the first time since November. The prices of different cryptocurrency have been falling for two consecutive days. The prices of ethereum, ripple and Litecoin have also fallen sharply.

In two days, the price of the bitcoin has dropped by about 30 percent, according to Coinmarketcap. In December the value went towards the $ 20,000.

Substantial price fluctuations are part of the digital currencies, but the price has gone down very fast in recent days. Several causes are mentioned. For example, China and South Korea have been threatening to limit the trade in crypto coins for some time. The French Minister of Finance also called for more regulation of the coins.