Below $5K: Bitcoin Drops $500 to Set New 2018 Low

Bitcoin dropped below $5,000 for the first time in over 13 months on Monday.

CoinDesk price data reveals the world’s largest cryptocurrency by market capitalization fell to $4,981 shortly after 16:30 UTC on Monday, signifying a dollar-decline of more than $500 for the day when the move occurred.

That’s the lowest figure since Oct. 12, 2017, and as of press time, the price has recovered somewhat to $5,048 – still signifying a decline of more than 9 percent.

Continue Reading on CoinDesk

Like this: Like Loading...