«Breaking News» Bitcoin plummets below $6,000 to lowest level in over a year

Cryptocurrency Bitcoin fell to its lowest level for over a year when it dropped below $6,000 for the first time in three months.

Around 15 per cent was wiped off the value of the world's largest digital-based currency, with most of the initial loss coming in just half an hour. 

Bitcoin last fell to $6,000 in August and this month tumbled to its lowest valuation since last November with it's the biggest single drop since February. 

For months, the price of Bitcoin has been hovering around the mid-$6,000s mark. 

Bitcoin dropped as low as $5,322, the least since October 2017, or just before the surge in demand that pushed its price to almost $20,000 in December last year.

This sharp fall meant Bitcoin was down by around 70 per cent from its record high of last year.

Bitcoin had around 15 per cent was wiped off the value with most of the initial loss coming in just half an hour

Bitcoin last fell to $6,000 in August and this month tumbled to its lowest valuation since last November with it's the biggest single drop since February

Bitcoin's rival digital currencies Ether, Litecoin and XRP also dropped more than 17 per cent

Other digital coins slumped, with smaller rivals Ether, Litecoin and XRP dropping more than 17 per cent. 

Bitcoin Cash fell as much as 21 per cent as the Bitcoin offshoot faces its own split.

Michael Terpin, a San Juan, Puerto Rico-based partner at Alphabit Fund, told Bloomberg: 'The market is trying to find the bottom.

'People who are chartists look at historical patterns, and they note there's one last final capitulation drop to get the last people fleeing out of the market.'

Some traders speculated that investors may be leaving Bitcoin to raise funds to buy Bitcoin Cash.

Two versions of Bitcoin Cash software will be competing to become the dominant chain tomorrow, and some miners could be switching from mining Bitcoin to Bitcoin Cash to lend one or the other version support. 

Bitcoin dropped as low as $5,322, the least since October 2017, or just before the surge in demand that pushed its price to almost $20,000 in December last year

Other digital coins also slumped this month, with smaller rivals Ether, Litecoin and XRP dropping more than 17 per cent

The value of Bitcoin and other forms of digital currency has plunged by 80 per cent since January – a total loss of $640 billion that has sparked comparisons with the Dot-Com bubble in the early days of the internet.

From 1997 to 2001, a large number of online-based companies – commonly referred to as Dot-Coms – were founded, prompting a flurry of investment.

But the value of many of these companies started to plummet around the turn of the new millennium.

Bitcoin plunged to levels under $6,000 time and again since late last year, only to see buying return and prices come roaring back. 

Bank of England governor Mark Carney launched a scathing attack on cryptocurrencies in Marhc, saying 'fools' were pumping up their values. 

Warren Buffett, one of the most influential and successful businessmen of his generation, has regularly warned about an imminent cryptocurrency bubble burst. 

Linkhienalouca.com

https://hienalouca.com/2018/11/15/bitcoin-plummets-below-6000-to-lowest-level-in-over-a-year/
Main photo article Cryptocurrency Bitcoin fell to its lowest level for over a year when it dropped below $6,000 for the first time in three months.
Around 15 per cent was wiped off the value of the world’s largest digital-based currency, with most of the initial loss coming in just half an hour. 
Bitcoin ...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Online news HienaLouca





https://i.dailymail.co.uk/1s/2018/11/15/15/6230156-0-image-m-56_1542296697963.jpg