RATE Group | Bitcoin Price Hits One-Month Low Below $8,000
27858
post-template-default,single,single-post,postid-27858,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Price Hits One-Month Low Below $8,000

23 May Bitcoin Price Hits One-Month Low Below $8,000

Posted at 02:53h in Bitcoin News by

[ad_1]

Bitcoin’s price has slipped below $8,000 on Wednesday, reaching its 35-day low since Apr. 18 within just an hour after the trading entered morning session (UTC), data from CoinDesk’s Bitcoin Price Index shows.

After steadily climbing up to nearly $10,000 on May 6, the price of the world’s largest cryptocurrency by trading volume has been on a gradual decline since then towards a current low at $7,876, reflecting a 20 percent drop over the past two weeks.

The price has bounced back slightly to $7,910 as of press time. That said, the current price still shows a 30 percent premium over bitcoin’s lowest point this year at $5,947 seen on Feb. 5.

Meanwhile, bitcoin’s price drop also coincides with a wider market sell-off. According to data from CoinMarketCap, the market capitalization of all cryptocurrencies is also at its one-month low with $352 billion changing hands.

In fact, nearly all of the top 100 assets by market cap are showing 10 to 20 percent declines.

According to…

[ad_2]

Article Source

Tags:
, , , ,