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January 16, 2019
BTC News Today
Litecoin News

Bitcoin’s Price Slides Below $6.5K to Hit 70-Day Low

The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday.

Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from BTC News Today’s Bitcoin Price Index. This represents the lowest figure since the start of April when the BPI registered a low of $6,443.

The charts suggest a support of $6,436 – if current levels are broken, the next major support is $6,000, borne from the lows from early February of this year.

As of press time, the BPI is reporting a price of $6,523.86.

As of press time, bitcoin is down 5.82 percent in the last 24 hours. Further, on a year-to-date basis, bitcoin is reporting a 60 percent depreciation overall.

Tuesday’s session saw downward developments for other major cryptocurrencies as well. For instance, litecoin, the world’s sixth largest cryptocurrency by market capitalization, is now approaching $98 – a price not seen since December of last year.

EOS is also down 12% on the day, representing a total decline of 34% since June 4th.

Meanwhile, the total market capitalization of all cryptocurrencies is just over $280 billion, according to data published by CoinMarketCap.

Image via Shutterstock

The leader in blockchain news, BTC News Today is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. BTC News Today is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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