Bitcoin has given up its support above $6,000 and fallen below the waterline for the second time in 2018, and cryptocurrency investors.
The bitcoin price previously dropped under the $6,000 mark in late June but bounced back — and while many are hoping it will again, fear has gripped investors who hastily bought into bitcoin and other major crypto late last year.
Bitcoin, still the world's most valuable currency, has lost over 6% of its value over the last 24 hours, according to CoinMarketCap (where i check) , falling from highs of almost $19.500 in December.
Why is the bitcoin and cryptocurrency sell-off happening now?
The sell-off currently sweeping through the world of cryptocurrency has been blamed on investors, who last year piled into initial coin offerings (ICOs), often using the ethereum blockchain.
i read you mate ! ^^