The price of bitcoin slid below $6,000 on Friday, hitting a new low for 2018.
18 at 21:51 UTC, surpassing the prior low of $5,947, which occurred on February 6.
As of press time, that figure had risen above that low, with the price of bitcoin averaging $5,977.
All told, the price of bitcoin has declined more than $700 since the start of the day's trading.
The cryptocurrency's market capitalization has also dipped, sliding to $102 billion - its lowest of the year - according to the BPI. As analysis previously suggested, market bears may be back in force following the recent push above $6,700.
CoinDesk's Omkar Godbole wrote earlier Friday that earlier technical charts showed the potential for a drop below $6,000.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin Price Falls to Lowest Total Seen in 2018
pubblicato su Jun 22, 2018
by Coindesk | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.