Concerns that bitcoin may be cracked – now the cryptocurrency is collapsing again

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Published June 8, 2021 at 6:41 pm

Economics. The value of bitcoin fell sharply again due to new question marks about cryptocurrency independence from the authorities, reports Dagens Industri.

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Some hackers decided to shut down one of the US's most important gas pipelines through a cyber attack.

They then demanded the fuel supplier Colonial Pipeline for a ransom in bitcoin. In total, the company paid out the equivalent of SEK 42 million to the hackers.

It turned out, however, that US authorities had managed to seize a large part of the ransom paid in bitcoin. This has created doubts about the independence of the cryptocurrency, writes Dagens Industri.

The value of Bitcoin against the dollar has now fallen by about 11 percent in one day and is traded at about 32,000 dollars.

It is the latest in the line of bitcoin races since April, when the digital currency was over $ 60,000.

Ipek Ozkardeskaya, an analyst at Swissquote, believes that a fall below $ 30,000 could accelerate sales further.