• Crypto Lists
  • Bitcoin
  • Blockchain
  • ICO
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    featured image

    Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

    featured image

    Top 5 Online Merchants That Accept Cryptocurrency

    featured image

    An account into Bitcoin Lightning Network Progress and other Scalability Solutions

    featured image

    Why Bitcoin [BTC] Could Fall to $5,000. Now that Halving is Done

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Trade Signal
    • News
      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

      featured image

      Breaking : Crypto Trading is now legal in South Korea

      RBI to allow crypto trading

      Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

      featured image

      Steemit Joining TRON Ecosystem

      Reliance Jiocoin

      Reliance Jio is preparing for Jio Coin launch in 2020

      A $134 Million real estate has sold on ethereum blockchain

      A $134 Million real estate has sold on ethereum blockchain

      Hacking attacks on cryptocurrency exchanges

      Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

      Bithumb Launches in India

      Bithumb Global Launches in India

      US-China trade war effect on Bitcoin Price

      US-China trade war effect on Bitcoin Price

    • Crypto Market
    • Guide
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      featured image

      Despite Resurrection of Old Bitcoiners, HODL Waves Indicate Bullish Accumulation

      featured image

      Top 5 Online Merchants That Accept Cryptocurrency

      featured image

      An account into Bitcoin Lightning Network Progress and other Scalability Solutions

      featured image

      Why Bitcoin [BTC] Could Fall to $5,000. Now that Halving is Done

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Trade Signal
      • News
        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        Bitcoin Market’s Sentiments turned bullish after USA President’s recent press conference

        featured image

        Breaking : Crypto Trading is now legal in South Korea

        RBI to allow crypto trading

        Supreme court of India decided to lift off RBI Banking BAN against Bitcoin

        featured image

        Steemit Joining TRON Ecosystem

        Reliance Jiocoin

        Reliance Jio is preparing for Jio Coin launch in 2020

        A $134 Million real estate has sold on ethereum blockchain

        A $134 Million real estate has sold on ethereum blockchain

        Hacking attacks on cryptocurrency exchanges

        Hacking Attacks on Cryptocurrency Exchanges are rising, Why?

        Bithumb Launches in India

        Bithumb Global Launches in India

        US-China trade war effect on Bitcoin Price

        US-China trade war effect on Bitcoin Price

      • Crypto Market
      • Guide
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home bitcoin

      For The First Time in 2018, Bitcoin Falls Below $5,600

      Hitesh Malviya by Hitesh Malviya
      November 22, 2018
      in bitcoin
      0 0
      0
      For The First Time in 2018, Bitcoin Falls Below $5,600
      1
      SHARES
      10
      VIEWS
      Share on FacebookShare on Twitter

      For the first time in 2018, Bitcoin has chalked a new all-time low. In the span of a couple of hours in open market yesterday, Bitcoin fell below $5,600 USD.

       

      It was not the only Bitcoin that booked a loss, all the top cryptocurrencies saw double-digit losses yesterday in the same window of time.

       

      Market visualization from Coin360

       

      According to reports and charts, these coins started falling around 10.30 am UTC and finally stopped around 12 pm, on 14th November. But only after the coins had all booked a significant loss.

       

      The dip in the market and the losses that these cryptocurrencies have booked in the past day, specifically during these hours, is being attributed to a massive sell-off by the community in response to some news or rumour, still remains unknown.

       

      Among the top cryptocurrencies, the following have harboured losses of over 10%: Bitcoin, Ethereum, Bitcoin Cash. The cryptocurrency market’s market capitalisation has also taken a huge hit and fallen down to around $187 billion.

       

      This bearish market was predicted by many key investors in the cryptocurrency market. In fact, they have gone as far as to say that the bear market will last a long time now. Saying that it is likely to go on until the second quarter of 2019.

       

      The same key investors have hinted that the market will only recover post-Q2 2019 if and when industrial investors join the market.

       

      Bitcoin price chart. Source: Bitcointicker

      Good Read Top 5 Bitcoin Hardware Wallets

       

      Silver Lining

       

      While the top cryptocurrencies have booked double-digit losses in the last day and the market’s total capitalisation has taken a hit, there is a silver lining.

       

      Even though Bitcoin has also faced hits like the rest of the cryptocurrencies in the market, it has grown in dominance. Bitcoin dominance in the market right now is up by 2% and is at 54% right now.

       

      If we are to go by the predictions of investors and general projection of the market, it is clear that this first batch of sell-offs was just the first in a line of many to come. It will take some time to recover and it may even go beyond Q2 of 2019.

       

      Bitcoin is currently trading at $5,553 USD.

       

      Must Read Top 4 Bitcoin Practical uses in 2018

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: 600%Bitcoin Falls Below $5bitcoin market capitalizationbitcoin newsbitcoinpricebtc price chartcoin newsfeaturedfirst time falls bitcoin below $5600in 2018 first time bitcoin fallsprice bitcoin
      ShareTweetPin1

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      featured

      A starter guide to Bitcoin Options trading

      by Nivesh Rustgi
      July 6, 2020
      0

      In this Guide, we will cover Bitcoin options trading, options trading platforms and how to trade bitcoin options on deribit....

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      by Nivesh Rustgi
      June 21, 2020
      0

      Bitcoin hash-rate recovery is underway and we can expect a buy signal post the miner capitulation soon. However, the...

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      by Hitesh Malviya
      June 15, 2020
      0

      In this article, we will look at Technical Indicators which suggests Bitcoin can crash below 7000$ in the next few...

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      by Nivesh Rustgi
      June 12, 2020
      0

      In this article, we will discuss Why Bitcoin is a safe haven and how it can perform during the next...

      featured image

      How to Make Money in Crypto When It Falls

      by Hitesh Malviya
      June 5, 2020
      0

      For anyone who finds themselves frustrated with the lack of growth in Bitcoin and other coins over the last year,...

      Load More

      About Us

      We share important articles on blockchain technology here. Our mission is to spread the awareness about blockchain technology to masses through content.

      • Trending
      • Comments
      • Latest
      featured image

      List of leading partners of Ripple, and How they use XRP?

      May 2, 2020
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      May 12, 2020
      How to Buy Cryptocurrency in China

      How to Buy Cryptocurrency in China

      February 17, 2020
      featured

      A starter guide to Bitcoin Options trading

      July 6, 2020
      featured image

      Top 10 Low market cap altcoins to invest in 2020

      June 2, 2020
      binance exchange safe

      How Safe is Binance Exchange

      August 21, 2020
      Find an Altcoin Bottom

      How to Find an Altcoin Bottom and Uptrend

      April 30, 2020
      playcent

      Introducing Playcent- Decentralised Wix for interactive apps and games

      December 14, 2020
      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      RioDeFi Builds a Bridge to India before its long awaited IDO on Uniswap

      September 27, 2020
      Bitcoin [BTC] Price Analysis – Monthly Returns

      Bitcoin [BTC] Price Analysis – Monthly Returns

      September 1, 2020
      Featured Image

      PrimeXBT – A Smart Platform to Trade Crypto, Forex, and CFD

      August 28, 2020
      featured image

      Bitcoin [BTC] Price Prediction: Parabolic Fractals from 2019

      August 2, 2020
      featured image

      Top 10 Staking Coins Everyone Should Know About

      July 26, 2020
      featured

      4 Interesting Ways Blockchain Technology Impacts Higher Education

      July 21, 2020
      • featured image

        List of leading partners of Ripple, and How they use XRP?

        137 shares
        Share 137 Tweet 0
      • List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

        55 shares
        Share 55 Tweet 0
      • Top 5 DeFi Crypto Projects

        52 shares
        Share 52 Tweet 0
      • Top 10 Low market cap altcoins to invest in 2020

        20 shares
        Share 20 Tweet 0
      • Bitcoin lost 4.5 years old support, drop below 3000$ possible

        124 shares
        Share 124 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.