RATE Group | Bitcoin Backed As BitPay Exec Warns On Altcoins
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Bitcoin Backed As BitPay Exec Warns On Altcoins

13 Sep Bitcoin Backed As BitPay Exec Warns On Altcoins

Posted at 08:48h in Bitcoin News by

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A visual representation of the digital currency Bitcoin sinks into water on August 15, 2018 in London, England. Most digital currencies including bitcoin, (BTC) ethereum, (ETH) ripple (XRP) and stella (XLM) have seen a dramatic fall in their prices throughout 2018 amid a mass sell-off. In December 2017 the price of BTC hit $20,000 but has since fallen to around $6,000. (Photo Illustration by Dan Kitwood/Getty Images)

Bitcoin, as well as most other major cryptocurrencies, have had a tough time in 2018. The bitcoin price has fallen from its sky-high $19,000 last year to around $6,000 — dragging the likes of ethereum, ripple, stella and lite coin with it.

The whole digital coin market, including everything from bitcoin and ethereum, to dogecoin and ripple, has now fallen to its lowest value since late 2017, touching year-to-date lows of $186 billion, according to CoinMarketCap data.

Bitcoin has held up far better than most, though it has still lost some…

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