Cryptocurrencies and other financial products from the cyber world experienced a real boom in the past year.
(Photo: dpa)
Frankfurt The start of the new year has clearly failed for crypto currencies such as Bitcoin and Co. After weak development in the first few days, Bitcoin slipped towards the $ 40,000 mark over the weekend. At times, the most important cryptocurrency on the Coinmarketcap platform was only quoted at $ 40,672.
However, she recovered somewhat on Sunday afternoon. But the second largest cryptocurrency, ether, also lost a lot of its value in the first week of trading of the year.
The reason for the price declines are the signals from the US Federal Reserve to fight rising inflation even more decisively than it had previously communicated. For a long time, the monetary authorities viewed rising inflation as a temporary phenomenon.
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