RATE Group | Bitcoin Slips Under $6,000 As Rout Resumes — Here Are The Horror Stories
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Bitcoin Slips Under $6,000 As Rout Resumes — Here Are The Horror Stories

14 Aug Bitcoin Slips Under $6,000 As Rout Resumes — Here Are The Horror Stories

Posted at 07:28h in Bitcoin News by

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Bitcoin has given up its support above $6,000 and fallen below the waterline for the second time in 2018, and cryptocurrency investors — including those who got into ethereum and ripple — have been sharing their stories of woe.

The bitcoin price previously dropped under the psychological $6,000 mark in late June but bounced back — and while many are hoping it will again, fear has gripped investors who hastily bought into bitcoin and other major cryptocurrencies late last year.

Bitcoin, still the world’s most valuable currency, has lost 6% of its value over the last 24 hours, according to CoinMarketCap data, falling from highs of almost $20,000 in mid-December.

The bitcoin price had been holding about $6,000 until this evening.CoinDesk

Meanwhile, ethereum, which trades through the token ether, has lost a whopping 17% in 24 hours and fallen to around $290 — the first time ethereum has been below $300 this year.

Ripple is down 14%, while…

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