In a two-month low, Bitcoin price drops below $7k – Bitcoints

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Published on June 11th, 2018 | by bitcoin

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In a two-month low, Bitcoin price drops below $7k

In a two-month low, Bitcoin price drops below $7kThe price of bitcoin dropped $500 in a single hour Sunday to hit a two-month low below $6,700.
According to CoinDesk’s Bitcoin Price Index, the world’s largest cryptocurrency by market capitalization is now changing hands at $6,718, up slightly after reaching a daily low of $6,647, its lowest total since April 10.
Indeed, data shows that over the last 24-hours bitcoin failed to find solid support in the $7,470 zone, before plummeting 11 percent to $6,647.
Trading at around $6,700, bitcoin is now within striking distance of its 2018 low of $5,947 set in February.
With the bitcoin price declining, so too has the market for all cryptocurrencies, with now stands at $295 billion, down from $340 billion yesterday.

Source: Www.coindesk.com

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