Going down: Bitcoin & crypto market dropping into danger territory

ArticleCurrencyApril 3, 2018 - 8:25:47 AM

Bitcoin fell below $7,000 on Friday, moving closer to the lows the world's number one virtual currency reached in February.

The value of all cryptocurrencies has now dipped to $250 billion – having lost an astonishing $580 billion in value from record highs late last year. This is fueling fears among some investors that the crypto-bubble is about to burst.

The price of bitcoin dropped to $6,753 at 5:00am GMT on Friday, losing nearly two-thirds of its value since peaking above $19,000 in December. Sell volumes have reportedly increased across all the major cryptocurrency exchanges, with the entire market likely affected by a sharp increase in trading volumes in bitcoin futures at the Chicago Board Options Exchange (Cboe) and CME Group...

Source: RT.com/a>

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