The Bitcoin price (BTC) dipped as low as $5,835 the night of Thurs. June 28, bringing the total cryptocurrency market cap to $236B – which is lower than the Bitcoin market cap alone earlier this year
June has been a tough month for the cryptocurrency market. Last week, Bitcoin hit a yearly low, dipping below the $6,000-mark for the first time since November — the same month the cryptocoin would spike toward $10,000. Meanwhile, a new report from Bloomberg reveals that more than 1,000 cryptocurrencies have been declared dead — a result that author Olga Kharif claims stems from the ICO frenzy of the past year.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] 