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Bitcoin, the largest cryptocurrency in the world by market capitalization, has once again reached a new low in 2018 compared to a greater sale of the encrypted market.
On December 7th at 1:00 UTC, Bitcoin (BTC) fell by 11.46% to find an offer of less than $ 3,500 to $ 3,306 surpassing the previous minimum of $ 3,640, according to CoinMarketCap data and CoinDesk.
In the last 24 hours, bitcoin market capitalization decreased by $ 4.8 billion over a 24-hour period and fell by over $ 14 billion a week, indicating that traders could now transfer money from bitcoins and dollars.
As such, the move marks a continuation of sales activity that traces back to the bitcoin violation of about $ 6,000 a month ago, a trend widely reflected by the broader cryptocurrency market.
According to CoinDesk data, bitcoin has now canceled most of the rising gains in October, November and December 2017 and is actually down 84.28% from the all-time highs of $ 19,781.
In addition, the bitcoin is now down 64% year-on-year, after falling heavily from each subsequent lower maximum.
Cryptocurrency is not the only large network that feels pain like the cryptocurrency of Ethereum ether, the Stellar XLM token and the bitcoin money each falling between 11% and 15% and showing signs technicians not to let go soon.
The total market capitalization of all cryptocurrencies has dropped dramatically, wiping out an additional $ 11.5 billion to $ 110.6 billion a day, far from $ 813 billion as of January 8, showing data from CoinMarketCap.
Revelation: The author holds USDT at the time of writing.
Bitcoin image through Shutterstock
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