While its losses weren’t as pronounced as the other major cryptocurrencies, bitcoin price notably fell to its second-lowest level in 2018 during the early trading hours of Wednesday. Bitcoin’s value dropped to $6,371 at 10 AM UTC, dropping nearly 2 percent over the last hour.
At press-time, bitcoin price is making an advance again toward $6,450, although losing 6.24% altogether in the last 24 hours.
On Tuesday, Ethereum price fell below the key $500 mark while Litecoin is trading at $95, a figure unseen since early December 2017.
Among the top ten cryptocurrencies, IOTA sees the biggest loss over a 24-hour period in losing 14.60 percent of its value and is now down 30.3 percent over the last 7 days.
According to data from CoinmarketCap, the overall market cap now stands at $274.2 billion, a decline of over 67% from its all-time high near $835 billion earlier this year.
Click here for a real-time price chart.
Featured image from Shutterstock.
Follow us on Telegram.
Source link thanks you RSS ( https://www.ccn.com/newsflash-bitcoin-price-falls-below-6400-to-hit-4-month-low/)