The massive selloff of the price of Bitcoin continues as it attained 6,536.6 USD at 05:36 am (GMT), based on the index of Investing.com. The fall represents a 10.05% decline on the day and the last time such loss occurred was on Sep. 24.

The sell-off led to a decline in its market capitalization to $120.1B, representing 65.09% of the aggregated cryptocurrency market capitalization. Within the past 24 hours, the price of BTC was between $6,536.6 and $6,955.3. It’s trading volume was likewise 42.9 billion USD and it is 38.04% of the aggregated volume of all cryptocurrencies.

Likewise, within the previous 7 days, the price has dropped by 22.3% and its price was between $6,536.58 and $8,245.61. The price at the moment remains 67.10% down from its highest price ever ($19,870.62).

Crypto market analysts have different opinions about the likely direction of BTC in the near-term. However, it seems it will remain on the downside for some time before it makes a major decision about its trend in the long run.

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