The bitcoin price fell deeper into correction on Saturday, pushing the digital currency closer to bear-market territory as investors shrugged off a potentially game-changing announcement by Intercontinental Exchange.
BTC/USD Update
Bitcoin’s selloff intensified on Saturday, with prices hitting a low of $6,955.00 on Bitfinex. That was the lowest level in almost three weeks. The leading digital currency has since recovered to around $7,013, where it was down 5.5% from yesterday.
At current prices, bitcoin is capitalized at $120.7 billion, according to CoinMarketCap. Total trade volumes are worth $4.2 billion.
0Since peaking above $8,500 last month, the bitcoin price has declined more than 17%. A fall to $6,800 would put BTC into bear-market territory, based on the generally agreed upon definition of the term.
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