Bitcoin Drops Below $5,000 as Prolonged Bear Market Continues

2018-11-20 05:00

The price of bitcoin briefly dropped below $5,000 as 2018’s bear market refuses to quit. As we go to press, bitcoin’s price sits at $5,045, a drop of 8.9% over the last 24 hours. Last week, bitcoin was sitting at $6,400. Over the last seven days, however, bitcoin’s price has continued to drop.

Late last week, bitcoin hit a one-year low with a price of $5,500 – a price that hadn’t been seen since October 2017. Now, bitcoin has retreated even lower, dropping below $5,000 at various points during the day.

At its lowest point, bitcoin reached a price of $4,951.47 before climbing once again above $5,000. Other crypto prices have witnessed similar slumps. Ethereum is down 12.64% over the last 24 hours, currently sitting at a price of around $154.

Bitcoin Cash, which is currently going through a hashwar to determine which ruleset gets to claim the BCH title, has dropped 9.9% in the last 24 hours, falling to $346.

XRP has remained surprisingly stable, dropping “only” 3.79% over the last 24 hours. XRP has remained one of the few success stories over the last few months, remaining relatively stable at a price of around $0.49. Today, XRP is the second largest cryptocurrency by market cap. XRP recently opened up a $4 billion market cap lead over the former number two, ETH. Today, XRP has a market cap of $19.95 billion compared to ETH’s $15.9 billion market cap.

2018’s bear market continues to get ugly. Some believe this is the bottom. Others believe that we still have more room to fall.

Could BTC prices in the $4,000s be the new normal moving forward? Or did bitcoin bottom out at $4,950? Time will tell whether this bear market continues – or if we’re on the precipice of a record-setting bull run.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66804.5 (-0.14%)
Объем 24H $26.754b
Изменеия 24h: 1.44 %, 7d: 9.38 %
Cегодня L: $66739 - H: $67036.39
Капитализация $1315.657b Rank 1
Цена в час новости $ 4519.45 (1378.16%)

bitcoin price drop below bear market week

Источник: bitcoinexchangeguide.com

bitcoin price → Результатов: 126


Bitcoin Price Trajectory: Is a Major Shift Looming? Expert Highlights These Key BTC Trends

Bitcoin, the world’s largest cryptocurrency, finds itself in a precarious position as it approaches the weekly closure, threatening to register its fourth consecutive red candle. This rare occurrence has sparked concerns within the crypto community, prompting experts like Sjuul of AltCryptoGems to analyze Bitcoin’s price action on higher timeframes.

2024-4-28 19:30


Bitcoin (BTC) price prediction after breaching $72k

Bitcoin price forecast points to a possible $82,000. Ten days remain to the much anticipated Bitcoin halving event. Kangamoon, a new meme coin, has raised over $4M in its ongoing presale taking advantage of the crypto hype created by Bitcoin’s price surge Bitcoin (BTC) has been making significant waves in the cryptocurrency market, with its […] The post Bitcoin (BTC) price prediction after breaching $72k appeared first on CoinJournal.

2024-4-8 15:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Eclipse Labs appoints new CEO after investors ‘urge’ founder to resign

Eclipse Labs replaced Neel Somani with Vijay Chetty as the firm's new CEO Investors, led by Hack VC, could have played a role in the change in management  Eclipse Labs has replaced its founThe post Eclipse Labs appoints new CEO after investors ‘urge’ founder to resign appeared first on AMBCrypto.

Is Arbitrum's latest record good news for ARB's price? Metrics say...

Arbitrum active addresses registered figures of 900,000 for consecutive days ARB's market trend has continued to fall though Arbitrum is in the news today after it seemed to solidify its posThe post Is Arbitrum's latest record good news for ARB's price? Metrics say... appeared first on AMBCrypto.

XRP whales add $55 million, but the price falls again - What's happening?

XRP whales have increased their accumulation of the token over the last 14 days However, this failed to affect the altcoin's price positively XRP's price has maintained a downtrend on the chThe post XRP whales add $55 million, but the price falls again - What's happening? appeared first on AMBCrypto.

Countdown to Notcoin's Binance listing - Will NOT and TON profit from it?

78% of NOT’s total supply will be allocated to miners  TON turned bearish as its price dropped by more than 3.5% The wait for the much-hyped Notcoin [NOT] launch is about to end soon. As The post Countdown to Notcoin's Binance listing - Will NOT and TON profit from it? appeared first on AMBCrypto.