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Bitcoin's Price Falls Below $6K to Near 2018 Low
Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world's largest cryptocurrency to within 2 percent of its 2018 low.
By Sam Ouimet
Updated Sep 13, 2021, 8:16 a.m. Published Aug 14, 2018, 3:07 a.m.
The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world's largest cryptocurrency within 2 percent of its 2018 low.
At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24.
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Bitcoin is not alone in the sinking ship, however, as the broader market continues to suffer.
At press time, the total market capitalization of all cryptocurrencies is below $200 billion, its lowest figure yet seen in 2018. What's more, many of the other big name cryptocurrencies already set their lowest prices of the year this past week.
Ether , the cryptocurrency that powers the ethereum blockchain is trading hands at $264 - its lowest price since November 2017. Likewise, The XRP price has fallen below $0.30, its lowest price of the year and a more than 90 percent depreciation from it's all-time high over $3 set in December.
Image via Shutterstock
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