Bitcoin Breaks Below $7K to Fall to 50-Day Low

The price of bitcoin is back below $7,000 and trading at its lowest price since Feb. 7.

According to CoinDesk’s Bitcoin मूल्य सूचकांक, the world’s largest cryptocurrency is changing hands at $6,700, a move that follows its steady decline from around $8,000 since the start of the Mar. 29 trading session, ए 15 percent dip within a day.

पीछे की और हटना, that price puts bitcoin at a 51-day low, नीचे 42 percent from its recent high at $11,660 on Mar. 5, तथा 60 percent from its 2018 high of $17,144 observed on Jan. 7.

तथापि, the 2018 low of bitcoin still remains at $5,947 on Feb. 6, according to CoinDesk’s data.

फिर भी, bitcoin’s drop also follows a broader market decline.

Data from CoinMarketCap दिखाता है the market capitalization of all cryptocurrencies is now at a three-month low of $256 एक अरब, ए 70 percent decline since its 2018 high above $800 billion in early January.

वास्तव में, the top 20 tokens are all showing a 10 सेवा मेरे 20 percent sell-off within the last 24 घंटे.

As reported before, the second to fourth largest cryptocurrencies by volume – ethereum, ripple and bitcoin cashhave all hit 2018 कम. Earlier in today’s trading session, the price of ethereum also broke below $400, the first time since November last year.

Image via Shutterstock

blockchain खबर में नेता, CoinDesk एक मीडिया आउटलेट है कि उच्चतम पत्रकारिता के मानकों के लिए प्रयास करता है और एक का पालन करता है है संपादकीय नीतियों की सख्त सेट. CoinDesk डिजिटल मुद्रा समूह के एक स्वतंत्र ऑपरेटिंग सहायक कंपनी है, जो cryptocurrencies और blockchain स्टार्टअप में निवेश.

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