RATE Group | Bitcoin tumbles below $6,000, threatens 2018 low
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Bitcoin tumbles below $6,000, threatens 2018 low

14 Aug Bitcoin tumbles below $6,000, threatens 2018 low

Posted at 13:34h in Bitcoin News by

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Bitcoin is fast losing its shine. After holding support at $6,000 over the weekend, the No.1 digital currency finally gave way late Monday, trading to $5,900.38, its lowest level since June 29, and inches away from making a new low for 2018.

The August slump has shed more than $70 billion of the total value of cryptocurrencies, causing widespread panic selling according to one analyst. “We are seeing fear-based selling pushing the market lower at the moment,” said Naeem Aslam, chief market analyst at Think Markets U.K. “All that’s changed is the delay in the SEC decision,” referring to the Source link

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