Bitcoin daal onder $ 8K Te midde van Crypto Market sell-off

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Die prys van Bitcoin val onder $8,000 gedurende die vroeë-ure handel op Donderdag, volgens CoinDesk se Bitcoin prysindeks (BPI).

Op pers tyd, die prys van Bitcoin verhandel teen sowat $7,829.94, verteenwoordig 'n daling van meer as $300 from the open of $8,196.90. That low represents the lowest price since Feb. 11, when the BPI hit a low of $7,845.13.

The market development highlights the continued weakness seen this week, as evidenced by bitcoin’s slide toward $8,000 over the course of Wednesday’s session.

Other major cryptocurrencies are also seeing market losses today, including ethereum, which slid below $600 for the first time since December. According to CoinDesk data, the price of bitcoin is trading at $588.32, a decline of about 4 percent since the open. Ripple’s XRP token is down today as well, hitting $0.65 as of press time after trading above $0.70 for much of the day.

Data from OnChainFX reveals that all of the top-20 cryptocurrencies by market capitalization have fallen in excess of 10 percent in the past 24 ure, with many seeing declines of 15 percent or more. Among those, cardano, vechain, iota, XEM, lisk, NEO gas and icon are all down over 20 percent within that period.

According to CoinMarketCap.com, the collective market capitalization of all cryptocurrencies is at its lowest point since February 6.

Falling roller coaster beeld via Shutter

Die leier in blockchain nuus, CoinDesk is 'n media outlet wat daarna streef om die hoogste joernalistieke standaarde en bly deur 'n streng stel redaksionele beleid. CoinDesk is 'n onafhanklike bedryfstelsel filiaal van 'n digitale Geld Group, wat belê in cryptocurrencies en blockchain starters.

https://www.coindesk.com/bitcoin-drops-8k-amid-crypto-market-sell-off/

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