The bitcoin price LIVE: BTC plunges below $ 7,000 – has the bubble burst? | City and business | Finance

MORNING HEADLINES

Good afternoon and welcome to our continuous coverage of all things cryptocurrency including price, regulation, innovation and financial crime.

A bad start to week for the cryptocurrency market BTC's prices fall below $ 7,000, as investors are hesitant to support the market.

Bitcoin suffers another blow while losing 0.65 percent of the day to trade at $ 6.964.01.

Ethereum is one of the only major cryptocurrencies to see a gain, with a paltry 0.03 percent to trade at $ 407.11.

Ripple is down 1.38% to sell at $ 0.423476, while Litecoin drops 0.58% to trade at $ 73.59.

The fall in prices is a surprise for some investors who saw a number of positive stocks strengthen the encrypted market.

analysts now fear that the traction could run out for bitcoin, with the digital currency expected to fall below the hard bottom of $ 5,200.

The bubble has finally exploded for bitcoin?

3.40pm UPDATE: BTC falls below $ 7,000

Bitcoin has lost 17% in the last twelve days, after a bullish rise for most of July, and currently falls 65% from its December high.

BTC opened the day under $ 7,000 for the first time since April, while prices continue to fall.

Analysts fear that the market may continue to fall in the coming days, with 2018 failing to bring prices back to the highs seen in 2017.

Source link