Bitcoin’s Price Falls Below $6K to Near 2018 Low

The cost of bitcoin dropped below $6,000 on Tuesday, a movement that attracted the world’s biggest cryptocurrency in 2% of its own 2018 low. 

At press period, bitcoin is trading hands at $5,922, printing a 5 percentage 24-hour depreciation, according to the CoinDesk Bitcoin Price Indexup marginally from a low of $5,785 set June 24.

Bitcoin isn’t alone at the sinking boat, however, since the wider market continues to suffer.

At press period, the entire market capitalization of cryptocurrencies is under $200 billion, its lowest figure still observed in 2018.  What’s more, lots of the other major title cryptocurrencies already place their lowest prices of the year last week.

Ether (ETH), the cryptocurrency that forces the ethereum blockchain is trading hands at $264 – its lowest price since November 2017. Likewise, The XRP cost has dropped below $0. 30, its lowest cost of this year plus also a more than 90 percent depreciation out of it is all-time large more than $3 put in December.

Image through Shutterstock

The pioneer in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and abides with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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