- The bitcoin price dipped below the $6,000 mark on cryptocurrency exchange Bitstamp, forcing the flagship cryptocurrency to a six-week low.
- While unsurprising to most analysts, this nevertheless appears to have been priced into the market during the rally that occurred throughout July, leading to the present sell-off in early August.
- Within minutes, BTC had dropped below $6,150, and by 21:00 it was fighting just to stay above $6,000.
- On Bitstamp, however, BTC could not hold the line, and at 21:09 UTC the bitcoin price dipped to $5,995, falling below $6,000 for the first time since June 29.