RATE Group | Bitcoin skids to a 13-month low, nearing $5,000
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Bitcoin skids to a 13-month low, nearing $5,000

19 Nov Bitcoin skids to a 13-month low, nearing $5,000

Posted at 15:17h in Bitcoin News by

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The world’s largest cryptocurrency dropped to its lowest level in more than a year on Monday.

Bitcoin hit a low of $5,165.24, bringing its losses to more than 18 percent in the past seven days and more than 62 percent this year, according to data from CoinDesk.

The digital currency began stumbling last week after months of relative calm. Bitcoin had been trading in the $6,400 range, a break from its volatility earlier this year, for the majority of October as the rest of global markets sold off. The cryptocurrency is now down more than 30 percent since last Thanksgiving.

Its epic rise started right after the American holiday last year, as the cryptocurrency gained its status as a household name and became a common topic around dinner tables. Bitcoin first topped $10,000 at…

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