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Bitcoin Hits Lowest Level Of The Year

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According to a report by Markets Insider, Bitcoin hit its lowest level of the year on Friday morning, trading down 8.6 percent at 6,144 dollars as all major cryptocurrencies slipped. Data from CoinMarketCap shows that the entire crypto market has shed half of its value since the beginning of the year. The cryptocurrency market has reportedly been under pressure throughout much of 2018 following a massively successful 2017, which was triggered by the launch of bitcoin futures. While many thought that 2018 would see the entrance of institutional money into the space, asset managers and other large investors appear to have shied away from the volatile unpredictable market.

Added on the 22/06/2018 10:47:16 - Copyright : Wochit

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