Newsflash: Bitcoin Price Careens Below $6,000 as Downturn Worsens
发布时间：2018-06-29 16:06:41 发布人：TokenString
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 tapered off significantly throughout 2018, and this lack of volume does not bode well for the prospects of a market recovery.
BTC Price Chart
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.
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 tapered off significantly throughout 2018, and this lack of volume does not bode well for the prospects of a market recovery.
BTC Price Chart
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.
