Bitcoin's Price Slides Below $6.5K to Hit 70-Day Low

The price of bitcoin, the world's largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday.

92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk's Bitcoin Price Index.

This represents the lowest figure since the start of April when the BPI registered a low of $6,443.

As of press time, the BPI is reporting a price of $6,523.

As of press time, bitcoin is down 5.82 percent in the last 24 hours.

Further, on a year-to-date basis, bitcoin is reporting a 60 percent depreciation overall.

Tuesday's session saw downward developments for other major cryptocurrencies as well.

Litecoin, the world's 6th largest cryptocurrency by market capitalization, is now approaching $98 - a price not seen since December of last year.

EOS is also down 12% on the day, representing a total decline of 34% since June 4th. Meanwhile, the total market capitalization of all cryptocurrencies is just over $280 billion, according to data published by CoinMarketCap.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.