Bitcoin [BTC] bleeds as the cryptocurrency plunges below the $6000 mark

Last time this year, the whole cryptocurrency market was rejoicing as all the cryptocurrencies were touching new highs. However, this November seems to be aiming at crushing the investors as all the coins have decided to drown in the red pond.

Bitcoin [BTC], the biggest cryptocurrency in the market, often hailed as the king of cryptocurrencies is being crushed by the bear’s grip. The coin which was showing a sideways movement for the longest time has fallen below $6000.

According to CoinMarketCap, at press time, Bitcoin is trading at $5877.75 with a market cap of $102 billion. The coin has a trade volume of over $5 billion and has plummeted by 5.49% in the past one-hour. Additionally, the total market cap of the cryptocurrency has also fallen to $189 billion.

Bitcoin [BTC] one-day price chart | Source: CoinMarketCap

Along with Bitcoin [BTC], all other cryptocurrencies are also currently suffocating in the bear’s reign. Ethereum [ETH], the second-largest…