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On Wednesday, Bitcoin prices plummeted, crashing into the psychological level of $ 6,000 and making a new low for 2018.
A single bitcoin
BTCUSD, -10.60%
it was the last to reach $ 5,788.81, down 8.6% from Tuesday at 17:00. Eastern Time on the Kraken Kryp exchange. Bitcoin has reached a minimum of $ 5,649.08.
"After the recent attempt to cancel $ 6,500 bitcoin has lost all its momentum and now we are seeing some very bearish signals," said Naeem Aslam, chief market analyst at Think Markets UK Aslam added that a break of the 2018 low, will open a move towards the $ 5200 level to $ 5300.
The total value of all cryptocurrencies was $ 192 billion, down $ 20 billion since yesterday, according to CoinMarketCap data.
To read: A digital currency of the central bank could be behind the corner if you believe in the International Monetary Fund
Bitcoin liquidity leads to the altcoin selloff
Altcoin, or cryptocurrencies other than bitcoin, showed significant losses in Wednesday trading. One day out of the difficult junction, Bitcoin Cash
BCHUSD, -17.95%
fell 16.8% to $ 425.60.
To read: What you need to know about Bitcoin Cash's "hard fork"
Elsewhere, Ether,
ETHUSD, -11.76%
it was out of 10.8% to $ 181.50, Litecoin
LTCUSD, -12.48%
had lost 13.8% to $ 42.19 and XRP,
XRPUSD, -14.50%
the coin that runs on the Ripple protocol was 13.7% at 44 cents.
The futures continued their bad run on Wednesday. The November contract for Cboe Global Markets
XBTX8, -9.76%
it was 9.8% lower at $ 5.655 and the CME group's November contract
BTCX8, -11.61%
it was down 10.6% to $ 5.655.
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