The bitcoin price careened back below $6,000 on Thursday, once again igniting fears that the six-month-long cryptocurrency sell-off has not yet driven the bears to exhaustion.
As CCN reported this morning, cryptocurrency volume has throughout 2018, and this lack of volume does not bode well for the prospects of a market recovery.
As if on cue, the bitcoin price — which had hovered around $6,100 for the majority of the day — dunked below $6,000 at approximately 21:00 UTC and continued to trade down from there. By 23:45, bitcoin had sunk as far as $5,873, and it continued to hold near that level at the time of writing at 00:15 UTC on Friday morning.
bitcoin currently has a $101.3 billion market cap, which translates into a 42.6 percent share of the index. The aggregate value of all cryptocurrencies has declined to $237.6 billion, representing a 24-hour decline of five percent.
Click for a real-time bitcoin price chart or to view cryptocurrency market cap statistics.
Follow us on or subscribe to our newsletter .
•
•
•
Published at Fri, 29 Jun 2018 00:22:37 +0000
bitcoin Price News