The digital currency moves away from the record of $ 20,000 and falls to 13,000

Bitcoin is not suitable for cardiac patients. After its value multiplied by 20 since the beginning of the year, the most famous cryptocurrency in the world closes now a week of nightmare. Since last Sunday touched the 20,000 dollars, the digital currency has plummeted more than 30%. In a day characterized by brutal ups and downs, bitcoin fell, according to Coindesk data, below 11,000, although late Friday recovered to 13,000. This is his worst week since 2013.

The picture did not look good last Wednesday. Then, after two consecutive days of falls, the South Korean cryptocurrency platform Youbit announced its bankruptcy after suffering a virtual theft.

This news accelerated the fall of bitcoin, which was left at 15%. A day later, the governor of the Bank of Japan, Haruhiko Kuroda, assured that the increase of the last months was something "abnormal".

But more serious was what happened on Friday. Then, losses increased with a one-day crash of more than 20%. The debate around the cryptocurrency bubble, an extremely volatile product, promises to increase after these drastic swings. "Many investors have been waiting for this correction.

With the end of the year in sight, many prefer to collect the benefits and abandon the coin saying 'thank you very much'. They can thus close their books for the holiday period, "Charles Hayter, founder of the Cryptocompare website, told Reuters from London.

Delays in operations

The problems of bitcoin have increased after the criticisms of foreign exchange houses such as Coinbase were transcended by the delays in transactions, stuck by the avalanche of requests from investors who wanted to buy or sell digital coins. Bitcoin is a very volatile market, in which the movements of a few investors can drive large variations.

It is still early to know if this fall is the final blow to the bubble that so many analysts have been predicting for some time or only a temporary correction to the impressive rebound of recent times, which had led to bitcoin in just over two months from 5,000 to almost $ 20,000.