Prisen på Bitcoin faldt under $8,000 under tidlige timer handel på torsdag, according to CoinDesk’s Bitcoin Price Index (BPI).
På skrivende stund, the price of bitcoin is trading at roughly $7,829.94, representing a decline of over $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 som i pressens tid 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 timer, 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.
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Lederen i blockchain nyheder, CoinDesk er en medie, der stræber efter de højeste journalistiske standarder og overholder en streng sæt redaktionelle politikker. CoinDesk er en uafhængig drift datterselskab af Digital Valuta Group, der investerer i cryptocurrencies og blockchain opstarter.