RATE Group | Bitcoin drops below $6500, stone’s throw from 2018 low
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Bitcoin drops below $6500, stone’s throw from 2018 low

13 Jun Bitcoin drops below $6500, stone’s throw from 2018 low

Posted at 09:46h in Bitcoin News by

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Price of bitcoin dropped below $6,500 on some exchanges on Wednesday, sinking to a 70-day low. It is now very close to this year’s low of $6,048.

Price of bitcoin at Bitfinex exchange dropped to $6,436 from Tuesday’s close at $6,700. The next support price for the cryptocurrency is $6,421, according to data available on Bitfinex exchange.

According to CoinMarketCap, which shows a normalised price after combining data from various exchanges, the price of bitcoin dropped to $6,550 level. It has shed about 4% value in last 24 hours. At the press time, it was trading at $6,603.

The market cap of the currency also shed more than $6 billion since the close on Tuesday. Currently, the market cap of bitcoin is $112.8 billion, far below its all-time high of $326 billion in December last year.

As usual, other major cryptocurrencies mirror the trend of bitcoin and have an identical graph for last 24 hours. Ethereum has shed about 7% in last 24-hours and Ripple has dropped by…

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