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Bitcoin slipped to another 15-month low Friday, putting the world's largest digital currency on track for consecutive losing weeks.
After a quiet morning, the prices of cryptocurrencies decreased in the early afternoon and in the bitcoins
BTCUSD, -2.52%
traded at $ 3,160.10 – the lowest level since September 15, 2017 – and 5% from the psychological value of $ 3,000.
To read: Bitcoin peaked a year ago: here is a look at 12 months of suffering
With consecutive weekly losses on cards, Nick Cawley, a Daily FX analyst, said a $ 3,000 break is a matter of time. "Bitcoin looks set to fall below $ 3,000 in the near term with $ 2,970 September 15, 2017, swinging the next target," he wrote. "Below, horizontal support at $ 1,760 below the July 18 low comes into play on a longer-term basis."
The crypto collapse has the total value of all cryptocurrencies in the vicinity of $ 100 billion – a level not seen since July 31, 2017, according to data from CoinMarketCap.
To read: Finance Twitter: the 50 most important people to follow for investors
Bitcoin Cash makes the new historical minimum
Altcoin – or coins other than bitcoin – all fell on Friday. Ether,
ETHUSD, -1.79%
was down 2.8% to $ 82.84, Litecoin
LTCUSD, -0.88%
lost 1.5% to $ 22.48, XRP,
XRPUSD, -3.84%
it was down 4.1% to 28 cents and Bitcoin Cash
BCHUSD, -10.41%
he made another historical low, trading at $ 78.90, down 10.8%.
Bitcoin futures were traded lower on Friday. The December contract for Cboe Global Markets
XBTZ8, -2.62%
it was down 2.6% to $ 3.60 and the CME group's December contract
BTCZ8, -1.87%
it was 2.3% to $ 3,140.
To read: Cryptos or S & P? One Million Dollars & # 39; Buffett Bet 2.0 & # 39; he's getting ready while Twitter's feud broke out
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