Bitcoin and other cryptocurrencies continued to weaken

Bitcoin and other cryptocurrencies continued to weaken over the weekend. Bitcoin fell 7% on Friday and saw the sharpest decline in three weeks, following a negative trend in stock markets that triggered fears that the US Federal Reserve would tighten its extremely loose monetary policy earlier than expected.

According to CoinMarketCap, Bitcoin lost (within 24 hours) 5.30% on Sunday around half past three in the afternoon and traded just below USD 34,000 (EUR 28,576.23). The price of the largest and most famous cryptocurrency is well below the record of USD 64,895.22 on April 14.

Ethereum sold nearly 6.5% on Sunday afternoon at $ 2090.50. Dogecoin lost 9.4% and XRP 9.3%.

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