Coindesk Logo

Bitcoin's Price Falls Below $6K to Near 2018 Low

Bitcoin's Price Falls Below $6K to Near 2018 Low

Bitcoin's Price Falls Below $6K to Near 2018 Low

Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world's largest cryptocurrency to within 2 percent of its 2018 low.

Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world's largest cryptocurrency to within 2 percent of its 2018 low.

Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world's largest cryptocurrency to within 2 percent of its 2018 low.

AccessTimeIconAug 14, 2018, 3:07 AM
Updated Aug 18, 2021, 9:37 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world's largest cryptocurrency within 2 percent of its 2018 low. 

At press time, bitcoin is trading hands at $5,922, printing a 5 percent 24-hour depreciation, according to the CoinDesk Bitcoin Price Index, up slightly from a low of $5,785 set June 24.

Bitcoin is not alone in the sinking ship, however, as the broader market continues to suffer.

At press time, the total market capitalization of all cryptocurrencies is below $200 billion, its lowest figure yet seen in 2018. What's more, many of the other big name cryptocurrencies already set their lowest prices of the year this past week.

Ether (ETH), the cryptocurrency that powers the ethereum blockchain is trading hands at $264 - its lowest price since November 2017. Likewise, The XRP price has fallen below $0.30, its lowest price of the year and a more than 90 percent depreciation from it's all-time high over $3 set in December.

Image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.