Bitcoin’s Price Drops Below $6,000 to Hit 2018 Low

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1 BTC = $65877.47 USD  (via Coinbase)
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1 LTC = $208.77 USD  (via Coinbase)
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The price of bitcoin slid below $6,000 on Friday to hit the lowest point in 2018.

CoinDesk’s Bitcoin Price Index (BPI) fell to $5,938.18 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 $5,977.02, BPI data indicates. 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.

1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $65877.47 USD  (via Coinbase)
1 ETH = $4202.56 USD  (via Coinbase)
1 LTC = $208.77 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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