• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    crypto policy

    Crypto Confusion and Problematic Policies of buying cryptocurrencies

    crypto gpu mining

    Cryptocurrency Trend: How GPU Shortage Is Affecting The Mining?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    A Beginner’s Guide to Bitcoin futures trading

    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Bitcoin IRA – Everything You Need to Know

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

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

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Crypto Market
    • Guide
    • NFT
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      crypto policy

      Crypto Confusion and Problematic Policies of buying cryptocurrencies

      crypto gpu mining

      Cryptocurrency Trend: How GPU Shortage Is Affecting The Mining?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      A Beginner’s Guide to Bitcoin futures trading

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Bitcoin IRA – Everything You Need to Know

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

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

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Crypto Market
      • Guide
      • NFT
      • DEFI
      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
      2
      SHARES
      15
      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

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

      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
      ShareTweetShare

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      crypto policy

      Crypto Confusion and Problematic Policies of buying cryptocurrencies

      by Hitesh Malviya
      March 27, 2021
      0

      Cryptocurrency legislation in the United States is disconcertingly vague at best.  Not only is the Fed anything but clear or...

      crypto gpu mining

      Cryptocurrency Trend: How GPU Shortage Is Affecting The Mining?

      by Hitesh Malviya
      March 19, 2021
      0

      Cryptocurrency Trend: How GPU Shortage Is Affecting The Mining? Cryptocurrency has gone mainstream over the last few years, with currencies...

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      by Guest Author
      March 17, 2021
      0

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats. Cryptocurrencies are an increasingly popular store of value. Banks...

      featured image

      A Beginner’s Guide to Bitcoin futures trading

      by Nivesh Rustgi
      February 28, 2021
      0

      In this article, we'll know about bitcoin Futures (derivatives)platforms and learn how to trade on these platforms.  ‘Futures‘ is a...

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      by Hitesh Malviya
      March 8, 2021
      0

      Top 5 Crypto Traders to follow on twitter Twitter is a good place to seek free crypto trading advice but...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      Top 10 Low Cap NFT Crypto Projects to Invest in 2021

      Top 10 Low Cap NFT Crypto Projects to Invest in 2021

      April 9, 2021
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 12, 2021
      TOP 20 DEFI

      Top 20 DeFi Crypto Projects to Invest in 2021

      April 8, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      March 26, 2021
      Top 25 Cryptocurrencies to Invest in 2021

      Top 25 Cryptocurrencies to Invest in 2021

      April 4, 2021
      top altcoins april

      Top 10 Altcoins to buy in April 2021- Part 1

      April 7, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto In The Market

      March 13, 2021
      Everything you need to know about Unstoppable Domains

      Everything you need to know about Unstoppable Domains

      April 13, 2021
      upcoming token sales

      Watch out for These Top 5 Upcoming Token Sales

      April 12, 2021
      DEX Comparison: Uniswap Vs Venus Vs PancakeSwap

      DEX Comparison: Uniswap Vs Venus Vs PancakeSwap

      April 11, 2021
      The Rise of Digital Wallet Payments for Online Gaming

      The Rise of Digital Wallet Payments for Online Gaming

      April 12, 2021
      Top 10 Low Cap NFT Crypto Projects to Invest in 2021

      Top 10 Low Cap NFT Crypto Projects to Invest in 2021

      April 9, 2021
      TOP 20 DEFI

      Top 20 DeFi Crypto Projects to Invest in 2021

      April 8, 2021
      INX

      INX- The First-Ever SEC Registered Token Sale

      April 8, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        12460 shares
        Share 4984 Tweet 3115
      • Top 10 NFT Crypto Projects You Should Know

        5018 shares
        Share 1992 Tweet 1245
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        4191 shares
        Share 1676 Tweet 1048
      • Top 10 Low market cap altcoins to invest in 2021

        3631 shares
        Share 1464 Tweet 903
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        3539 shares
        Share 1416 Tweet 885
      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
      • DEFI
      • Home
      • Index Test
      • 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.