₿ITCOIN UPDATE 💰 | ₿itcoin Breaks Below $7K!!!
bitcoin·@cryptomian·
0.000 HBD₿ITCOIN UPDATE 💰 | ₿itcoin Breaks Below $7K!!!
<html> <p><img src="https://s14.postimg.org/tyqkad5y9/Untitled-6ff.jpg" width="800" height="480"/></p> <p><strong>Bitcoin in a Whirlwind Down: Breaks Below $7K to a 50 Day Low</strong></p> <p>Bitcoin is trading at its lowest price after breaking below $7,000 since February 7th this year. </p> <p>According to Bitcoin’s price index, the world’s largest cryptocurrency is hovering around $6700 in a move that saw a steady decline from $8000 since the start of the month; a whopping 15% deep within the day. </p> <p>This puts Bitcoin at a 51 day low, down 42 percent from its recent high of about $11, 660, and a large 60 % drop in value from the record year high of $17,144 on Jan 7th 2018. </p> <p>However, the Feb 6.low of $5,947 still remains a psychological level. A break of that low could signal a further decline in the digital asset. </p> <p>The drop has also seen a broader market decline from other cryptocurrencies with ethereum, litecoin and ripple leading the way. </p> <p>Statistical data from CoinMarketCap shows that the market capitalization of all cryptocurrencies stands at a three-month low of $256 billion which represents an alarming 70% decline from its year high of $800 billion in January. </p> <p><img src="https://s14.postimg.org/m79ubn9gx/ddd.jpg" width="800" height="480"/></p> <p>Within the last 24hrs the top 20 tokens are all showing a 10 to 20 percent selloff. </p> <p>As reported the second to fourth cryptocurrencies have all hit 2018 lows in terms of trade volume. Earlier today the price of Ethereum broke below a major downside hurdle “$400” the first time since November last year. </p> <p>What are your thought about the current market situation? Will it ever recover? </p> </html>