Bitcoin [BTC] it bleeds when the cryptocurrency dives below the $ 6000 limit

Last time this year, the entire cryptocurrency market was pleased because all cryptocurrencies have reached new highs. However, this November seems to be aimed at crushing investors because all the coins have decided to drown in the red pond.

Bitcoin [BTC], the biggest cryptocurrency in the market, often greeted while the king of cryptocurrencies is crushed by the bear's grasp. The coin that showed a sideways movement for the longest time fell below $ 6000.

According to CoinMarketCap, at the time of printing, Bitcoin is trading at $ 5877.75 with a market capitalization of $ 102 billion. The currency has a trade volume of over $ 5 billion and has plummeted by 5.49% in the last hour. Furthermore, the total capitalization of the cryptocurrency market has fallen to $ 189 billion.

Bitcoin [BTC] price chart for a day | Source: CoinMarketCap

Together with Bitcoin [BTC], all other cryptocurrencies are currently suffocating in the realm of bears. Ethereum [ETH], the second largest cryptocurrency by market capitalization, is currently trading at $ 184.69 and has shrunk by $ 5.16 and XRP, the third largest cryptocurrency, is trading at $ 0.44 and is it is reduced by 6.01%. Other coins that have taken a severe blow from the bear include Litecoin [LTC], which is down 9.72%; Monero [XMR], which is down 10.62% and Bitcoin Cash [BCH], which is down 8.90%.

Chart of cryptocurrency prices Source: CoinMarketCap

However, some investors are still on the bright side of the market, as the currencies are finally showing some action and they believe this is a great time to buy.

Fldspine, a Redditor said:

"Wake up everyone! Finally we have some movement !! Yaay …"

Tyanuh, another Redditor said:

"2014,2015,2016,2017,2018. Every year is the same crap of new guys who have never seen the encrypted bear. I will look for you, if you withdraw completely and permanently now, you will tear your hair and that decision will literally chase you for your whole life when the exorbitant encrypted prices will laugh in your face in a few years. You have been warned. "

CryptoKujira said:

"It's a damned bleeding overnight and until this morning Red blood on almost every coin, with many ranging from -10 to -20% so far on Binance, not for the faint hearted, but it seems a real shopping moment. "