The price of bitcoin slid below $6,000 on Friday, hitting a new low for 2018
that figure had risen above that low, with the price of bitcoin averaging $5,977.02, BPI data indicates. All told, the price of bitcoin has declined more than $700 since the start of the day's trading.
The cryptocurrency's market capitalization has also dipped, sliding to $102 billion – its lowest of the year – according to the BPI.
As analysis previously suggested, market bears may be back in force following the recent push above $6,700