web analytics

Newsflash: Bitcoin Price Gravitates Back Toward $6,000 as Recovery Stalls

/, Crypto News/Newsflash: Bitcoin Price Gravitates Back Toward $6,000 as Recovery Stalls

Do you want to make extra incomeFrom BTC? Double Your Bitcoins Now!

Automatic BITCOIN MINING Telegram Bot - Want To Get Bitcoins For Free and Withdraw Instantly? Add Up @easy_btc_earner_bot On Telegram

The bitcoin price took a sharp turn back toward the $6,000 mark on Monday, reversing what had been a significant early-day rally for the flagship cryptocurrency.

Earlier this morning, the bitcoin price had recovered back as high as $6,245 on Bitfinex after descending as low as $5,755 on Sunday. That mark had represented a year-to-date low for BTC, and it led many to question how far the bitcoin price could sink before the bull rally — a recovery that analysts have been predicting for months — finally materializes.

bitcoin price

However, after recovering nearly $500 from its weekend low bitcoin proved unable to sustain its momentum, and the coin’s price made a sharp turn downwards shortly after 12:00 UTC. The cryptocurrency ultimately declined as far as $6,068, but — at least so far — it has managed to successfully defend the $6,000 level.

At the time of writing, BTC was trading at $6,125, which translates into a circulating market cap of just under $105 billion. The overall cryptocurrency market, meanwhile, has an estimated valuation of $251 billion.

2018-06-25T19:57:10+00:00June 25th, 2018|Categories: Bitcoin mining, Crypto News|Tags: , , |

Leave A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Do NOT follow this link or you will be banned from the site!