Bitcoin Falls Below $6000

Bitcoin Falls Below $6000

Analysis
Jun 29, 2018 by Phillips Fedrer
135
Re-igniting the fears that the six-month-long sell-off has not exhausted the sellers, Bitcoin prices again fell below $6,000 on Thursday. The volume of Bitcoin has significantly tapered off throughout the current year, which does not bode well for any prospects of market recovery. For a large part of the day, Bitcoin’s price was stable around
btc wires

Re-igniting the fears that the six-month-long sell-off has not exhausted the sellers, Bitcoin prices again fell below $6,000 on Thursday. The volume of Bitcoin has significantly tapered off throughout the current year, which does not bode well for any prospects of market recovery.

For a large part of the day, Bitcoin’s price was stable around $6,100 but at around 21:00 UTC, the price fell below $6,000 and then went downward from there on. Bitcoin fell to $5,873 by 23:45 UTC and continued to hold around that level for some time on Friday morning.

Presently Bitcoin has approximately 42.6% share in the index that roughly converts to $101.3 billion market capitalization. During the last 24 hours, the aggregate value of all cryptocurrencies fell by appx 5% and reached a level of $237.6 billion.

Philips is among the most hard working journalists in the blockchain ecosystem at present. We at BTC Wires believe that there are very few things about which Philips cannot report and write. It is this capability of Philips that makes him stand apart from others in the ecosystem.

Leave a Reply