Home Market Price Market Price: Bitcoin meets it’s Waterloo, Falls below $7K

Market Price: Bitcoin meets it’s Waterloo, Falls below $7K

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Bitcoin the world’s largest cryptocurrency is changing hands at $6,700, a move that follows its steady decline from around $8,000 since the start of the Mar. 29 trading session, a 15 percent dip within a day.

Taking it back, that price puts bitcoin at a 51-day low, down 42 percent from its recent high at $11,660 on Mar. 5, and 60 percent from its 2018 high of $17,144 observed on Jan. 7. This is lowest price of bitcoin since Feb. 7. However, the 2018 low of bitcoin still remains at $5,947 on Feb. 6

Read Also: Russia 2018: Hotels to accept bitcoin payments from World Cup fans

And just in case you should know, the second to fourth largest cryptocurrencies by volume – ethereum, ripple and bitcoin cash – have all hit 2018 low. Earlier in today’s trading session, the price of ethereum also broke below $400, the first time since November last year.

Where do you see the price of CryptoCurrency heading from here? Do you think bitcoin will ever bounce back again?

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