The price of Bitcoin goes down reaching $7000 for the first time since November 2017, which indicates the weakness of the market.
Starting from the $8186 at the beginning of day, by the afternoon it reached $6993, which means decline up to 15%.
The entire market is down by more than 50% from the beginning of year, when the overall capitalization of market was $800 billion. Currently the capitalization is estimated to $332billion which is the consequence of the sharp drop in trading prices of cryptocurrency. The main cryptocurrencies that have price shake is ether, which costs %700 and BTC.
Analytics say this wave is caused by China, which is to ban overseas trading webpages and banks, that are banning crypto purchases by credit cards.
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