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

USI ٹیک سب سے آسان اور سب سے زیادہ غیر فعال ویکیپیڈیا سرمایہ کاری کے ساتھ آپ کی زندگی کو تبدیل

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

According to CoinDesk’s Bitcoin Price Index, 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, ایک 15 percent dip within a day.

Stepping back, that price puts bitcoin at a 51-day low, نیچے 42 percent from its recent high at $11,660 on Mar. 5, اور 60 percent from its 2018 high of $17,144 observed on Jan. 7.

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

پھر بھی, bitcoin’s drop also follows a broader market decline.

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

Indeed, the top 20 tokens are all showing a 10 کرنے 20 percent sell-off within the last 24 گھنٹے.

As reported before, the second to fourth largest cryptocurrencies by volumeethereum, ripple and bitcoin cashhave all hit 2018 low. 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 خبر میں رہنما, CoinDesk اعلی ترین صحافتی معیارات کے لئے کوشش کریں اور ایک طرف قائم رہتا ہے کہ ایک میڈیا آؤٹ لیٹ ہے ادارتی پالیسیوں کی سخت سیٹ. CoinDesk ڈیجیٹل کرنسی گروپ کے ایک آزاد آپریٹنگ ذیلی ادارہ ہے, cryptocurrencies اور blockchain startups میں سرمایہ کاری کرتا ہے جس.

HTTPS://www.coindesk.com/bitcoin-breaks-7000-to-50-day-low-amid-market-sell-off/

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