RATE Group | Bitcoin Prices Have Fallen 75% From All-Time High
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Bitcoin Prices Have Fallen 75% From All-Time High

19 Nov Bitcoin Prices Have Fallen 75% From All-Time High

Posted at 19:21h in Bitcoin News by

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Bitcoin prices plunged today, falling further into the red. Credit: Getty Royalty FreeCredit: Getty Royalty Free

Bitcoin prices plunged below $5,000 today, extending losses suffered earlier this month and causing the digital currency to decline 75% from its all-time high.

The cryptocurrency reached as little as $4,951.47, its lowest in more than one year, according to CoinDesk price data.

The world’s largest digital currency by market capitalization (market cap) has been struggling through a sustained bear market, prompting countless market analysts to wonder when it will break free of this weakness.

A handful of notable events have drawn significant interest lately, specifically the bitcoin cash hard fork and the ICO market’s continued difficulties.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

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