RATE Group | Bitcoin price falls below £5,000 and ethereum plummets as crypto markets ‘hit panic mode…
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Bitcoin price falls below £5,000 and ethereum plummets as crypto markets ‘hit panic mode…

15 Aug Bitcoin price falls below £5,000 and ethereum plummets as crypto markets ‘hit panic mode…

Posted at 02:50h in Bitcoin News by

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The price of cryptocurrency Bitcoin fell to below $6,000 (£4,700) on Tuesday as the cost of other cryptocurrencies declined by billions of dollars amid a new sell off.

Bitcoin fell from around $17,000 at the start of the year and lost 6pc of its value over 24 hours. Its current price is close to its lowest point of the year, which it hit on June 18th at $5,785 (£4,524).

Cryptocurrencies are digital coins that only exist online. They operate on a digital ledger, which records all transactions. While the price of cryptocurrencies reached record highs during a sudden bubble in December, they have gradually fallen in value closing in on the levels they were at in early 2017.

Bitcoin isn’t alone in…

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