Price of Bitcoin halves in ‘cryptopocalypse’ as Ripple, Ethereum and other alt-coins take a battering

in jamirul07-price •  7 years ago 

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The price of Bitcoin has now reached its lowest point since November after a dramatic collapse which has seen its value slump by more than half.

This morning, Bitcoin plummeted beneath the psychologically important level of $6,000 (roughly £4,294) for the first time since November 12 2017.

Bitcoin has taken a kicking recently as worries about a clampdown on the wild and unregulated crypto-markets panicked investors, pushing prices ever lower.

The virtual currency hit a peak of almost $20,000 in December.

On the Luxembourg-based Bitstamp exchange, Bitcoin fell to as low as $5,920 today, its lowest level since mid-November, before recovering slightly.

Other cryptocurrencies including Ripple and Ethereum have also dropped sharply in value this week.

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