Bitcoin Crytocurrency Blood Bath Continues, drops below $4000

Cryptocurrencies just had their worst week ever, the greatest crypto crash of 2018 plunged deeper over the weekend and Bitcoin is 82 percent below its high of $19,666 almost a year ago.

Bitcoin slid another 4.5 percent to $3,635 at midnight Sunday, according to Bitstamp. It recouped most of the losses by 7:50 a.m. but remains in the red. It’s lost 33 percent in the past week and 75 percent this year.

bitcoin

Ripple declined 5.3 percent to 35 cents, and is about 90 percent below its peak.

After an epic rally last year that exceeded many of history’s most notorious bubbles, digital currencies have become mired in an almost $700 billion rout that shows few signs of abating. Many of the concerns that sparked the 2018 retreat — including increased regulatory scrutiny, community infighting and exchange snafus — have only intensified this week.

There is every tendency that the blood bath will continue considering the fact that we are approaching Holiday season, and people will sell their coins for physical cash.

The blood bath may continue probably looking at $2500. Those of you who are still hodling, sorry for your loss.

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27 thoughts on “Bitcoin Crytocurrency Blood Bath Continues, drops below $4000”

  1. I said it earlier that the downward slide Will continue, but like prof said,it will still bounce back at some point in time.

  2. Nonsense bitcoin and other shit coin… Invested 5.7 million in December 2017… My money is now nothing. Make then cucuma collect all the money.

    Abeg @ yomi, how can i withdraw with PayPal from abroad using Nigeria PayPal account

  3. When people are making money from cryptocurrencies I was wondering who owns the money they are making. This kind of business doesn’t last because someone is losing the money that someone else is making.

  4. I knew something like this will happen
    when most of the advanced country reject am as a legal payment
    Anyway this should be the best time for the people that want to invest
    (invest at your own risk)

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