Bitcoin Slumps to 12-Week Low Below $6K

Bitcoin prices plunged to a 12-week low below $6,000 this morning, reporting double-digit percentage losses amid a continued crypto market sell-off. Prices on CoinDesk’s Bitcoin Price Index (BPI) fell as low as $5,967.34 at 07:59 UTC – the lowest level since Nov. 13. As of writing, the world’s largest cryptocurrency by market capitalization is changing hands at $6,156, down around 22 percent on a 24-hour basis. The sell-off has been significant, as indicated by the $1,000 drop seen between 00:45 to 05:00 UTC. Further, during the same time period, the market capitalization of bitcoin dropped more than $11 billion to $106 billion. The total market capitalization of all cryptocurrencies has also fallen to $282.40 billion – the lowest level since Nov. 26.

Reference: https://www.coindesk.com/bitcoin-slumps-to-12-week-low-below-6k/

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