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

FALL OF BITCOIN

The charge of bitcoin fell beneath $6,000 on Tuesday, across that introduced the world's largest cryptocurrency within 2 percent of its 2018 low.

At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, in accordance to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24

Bitcoin is no longer by myself in the sinking ship, however, as the broader market continues to suffer.

At press time, the total market capitalization of all cryptocurrencies is below $200 billion, its lowest figure yet seen in 2018. What's more, many of the other big name cryptocurrencies already set their lowest prices of the year this past week.

Ether (ETH), the cryptocurrency that powers the ethereum blockchain is buying and selling hands at $264 - its lowest fee because November 2017. Likewise, The XRP charge has fallen beneath $0.30, its lowest price of the 12 monthsand a more than ninety percent depreciation from it is all-time high over $3 set in December