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Bitcoin and the largest cryptocurrency market, including the major choppy currencies (XRP), ethereum, bitcoin cash, stellar, EOS and litecoin, have fallen dramatically today before a bitcoin forex which threatens to tear apart bitcoin rival.
Bitcoin fell below the psychological threshold of $ 6,000 for the first time this year, compared to a larger sell-off that saw almost all major currencies decline by at least 10%.
The bitcoin price has dropped to $ 5,534 on the Luxembourg-based & nbsp;Bitstamp exchange before bouncing a bit.
Bitcoin is seen on an Android cell phone. (Photo by Omar Marques / SOPA / LightRocket images via Getty Images)Getty
The price of bitcoin has been blocked in a downward trend for the whole yeardragging with it the wider cryptocurrency market. The price of bitcoin is down about 70% compared to the peak, while the caliber of other large waves of cryptocurrencies (XRP) and ethereum is down by around 80%.
The last time the bitcoin price fell below $ 6,000 was November 2017, suggesting that the bitcoin bull that many have hoped will emerge in the period before Christmas will not appear.
At the start of this week, & nbsp; the respected CEO of Bitcoin Exchange Binance, Changpeng Zhao, he said he expects another bitcoin "running" to happen "sooner or later", telling CNBC's Crypto Trader program: "Even if I do not know what will catalyze a bitcoin bull run, I'm sure it will happen … Something will trigger it sooner or later."
The price of bitcoin has not dropped below the $ 6,000 mark since November 2017.Coindesk
Elsewhere, a new hedge fund from San Francisco and Singapore, & nbsp;Capital Circuit, it is& nbsp; arguing that the fall in the price of bitcoins in the last 10 months is obscured& Nbsp;the increasing use of cryptocurrencies between consumers and investors.
"Despite what is happening with prices, we are seeing an increase in adoption and many people are trying to scale up the encrypted companies," Circuit partner Eugene Ng said & nbsp;Bloomberg. "We are starting to see talent move in this space and develop institutional infrastructure."
It was not immediately clear what had triggered the sudden sale, but the tensions in the bitcoin industry were raised before a fork of bitcoin cryptocurrency, scheduled for tomorrow.
The first 10 cryptocurrencies have decreased by about 10% in the last 24 hours, leaving the cards showing a sea of red.CoinMarketCap
The Bitcoin money, which separated itself from the original bitcoin blockcoin last year, tomorrow will split into two, creating a third cryptocurrency. The two digital currencies will be called Bitcoin ABC (core Bitcoin Cash) and Bitcoin SV (Satoshi & # 39; s Vision).
Bitcoin money was very volatile during the fork race, climbing up to 50% in the last few weeks before falling sharply recently.
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Bitcoin and the largest cryptocurrency market, including the major choppy currencies (XRP), ethereum, bitcoin cash, stellar, EOS and litecoin, have fallen dramatically today before a bitcoin forex which threatens to tear apart bitcoin rival.
Bitcoin fell below the psychological threshold of $ 6,000 for the first time this year, in a period of larger sales that saw almost all major currencies decline by at least 10%.
The price of the bitcoin has plummeted to $ 5,534 on the Luxembourg-based Bitstamp exchange before bouncing a bit.
Bitcoin is seen on an Android cell phone. (Photo by Omar Marques / SOPA / LightRocket images via Getty Images)Getty
The price of bitcoin has been blocked in a downward trend for the whole yeardragging with it the wider cryptocurrency market. The price of bitcoin is down about 70% compared to the peak, while the caliber of other large waves of cryptocurrencies (XRP) and ethereum is down by around 80%.
The last time the bitcoin price fell below $ 6,000 was November 2017, suggesting that the bitcoin bull that many have hoped will emerge in the period before Christmas will not appear.
Earlier this week, the respected Bitcoin Exchange CEO Binance, Changpeng Zhao, said he expects another "bitcoin round" to happen "sooner or later", saying to the CNBC's Crypto Trader program: " Even if I do not know what will catalyze a bitcoin race, I'm sure it will happen … Something will trigger it sooner or later ".
The price of bitcoin has not dropped below the $ 6,000 mark since November 2017.Coindesk
Elsewhere, a new hedge fund from San Francisco and Singapore, Capital Circuit, it is arguing that the fall in the price of bitcoins over the last 10 months has been obscured the increasing use of cryptocurrencies between consumers and investors.
"Despite what is happening with prices, we are seeing an increase in adoption and many people are trying to scale up cryptographic companies," said the circuit partner, Eugene Ng. Bloomberg. "We are starting to see talent moving in this space and developing institutional infrastructures".
It was not immediately clear what had triggered the sudden sale, but the tensions in the bitcoin industry are much higher than a fork of bitcoin cryptocurrency, scheduled for tomorrow.
The first 10 cryptocurrencies have decreased by about 10% in the last 24 hours, leaving the cards showing a sea of red.CoinMarketCap
The Bitcoin money, which separated itself from the original bitcoin blockcoin last year, tomorrow will split into two, creating a third cryptocurrency. The two digital currencies will be called Bitcoin ABC (core Bitcoin Cash) and Bitcoin SV (Satoshi & # 39; s Vision).
Bitcoin money was very volatile during the fork race, climbing up to 50% in the last few weeks before falling sharply recently.
