The price of bitcoin fell below $ 6,000 on Friday, and the price has fallen for the year 2018. Bitcoin is trading at 6,138 USD at the time of writing, down by 6%. Leading crypto money now has a market value of $ 105 billion. With these figures Bitcoin saw the lowest levels of the year.
CoinDesk's Bitcoin Price Index (BPI) surpassed the lowest level of $ 5.947 on February 6 at 5:58 pm UTC, It fell to the dolara. The price of bitcoin has dropped more than $ 700 since yesterday's trade. According to BPI, the market volume of the crypto currency has also fallen to $ 102 billion.
Crypto currency, this sharp drop last week mostly from $ 6,300 to $ 6,800 in a relatively narrow range. On Wednesday, Bitcoin fell modestly by 2.6% during the day following the news that the South Korean crypto money market Bithumb was being attacked.
"Today we can see more sales at $ 6,100."
After this rescue, the price of Bitcoin traded in a reasonably narrow range before a sharp decline. . John Pearlstone, one of the analysts who discussed the situation at the price of bitcoin, says that if Bitcoin falls below the lowest level of 2018, we can see a decline towards $ 5,000. 360 Blockchain USA CEO Jeff Koyen commented on the price of Bitcoin:
Today we can see more sales at $ 6,100. We can even see Bitcoin dropping to $ 5,000.
"Bitcoin is testing critical support levels."
Mati Greenspan, senior market analyst at eToro, a social trading platform, says that Bitcoin is going to stay at around $ 5,000 or $ 6,000
Bitcoin is now testing the lowest level of critical support on February 6th. Forbes
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