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The cryptocurrency market has lost nearly 30 percent of its total value in the past 7-days alone, leaving many to wonder if an end to the bear market is in sight.
Bitcoin's sell-off has accelerated and put the cryptocurrency on pace to record its worst monthly performance of the year.
Bitcoin’s price continues to slide despite the oversold conditions signaled on the technical charts for the last six days.
The cryptocurrency market rout accelerated today as bitcoin (BTC) fell below $5,000 for the first time in 13-months.
The price of bitcoin fell below $5,000 on Monday for the first time since October of last year.
Bitcoin (BTC) dropped to its lowest level since October 2017 on Monday, as losses are seen across the broader crypto market.
The broader cryptocurrency market plummeted on Wednesday, but stablecoins in particular saw no shortage of buyers.
After yesterday's split of the bitcoin cash blockchain, several top exchanges have already accommodated the resulting two tokens.
If past events are a guide, bitcoin could in for a recovery rally, following the formation of a "long-legged doji" on the charts Thursday.