Bitcoin and Ethereum prices have dropped significantly

After several relatively stable days, the value of Bitcoin, Ethereum and other cryptocurrencies has now dropped again.

The cryptocurrency market had stabilized for a short time after turbulent weeks.

The value of Bitcoin, Ethereum and other cryptocurrencies has now dropped again. The value of Bitcoin has fallen from Wednesday to Thursday to 33,000 US dollars. Bitcoin fell 6.88 percent in 24 hours.

Ethereum, the second largest cryptocurrency, is going even further. According to Coindesk, the value of Ethereum fell to 8.49 percent to $ 2,181. Dogecoin recorded a decline of 9.05 percent. XRP is down 7.4 percent and Cardano at 5.2 percent in 24 hours.

The cause of the low level may be an EU proposal that became known on Wednesday.

The European Union wants to take action against money laundering in the future and create more transparency regarding cryptocurrencies.

Analysts expect cryptocurrency prices to rise in the coming days.