Bitcoin is continuously breaking its lowest points of 2018. The coin was trading at the price of $5850 on 24th June. when it was declared to be at the lowest point this year, and today, Bitcoin broke its own record by falling to $5815. The market cap also fell below the $100 billion margin during the crash.
The only thing currently pumping in the crypto market is tension with Bitcoin and its fluctuations. Bitcoin started the month of June with its trading price as $7,508 and now fell to $5815. The coin has fallen over $1600 this month.
It is speculated that this sudden fall in the market is due to a multimillion-dollar transaction that was reported on Bitcoin’s Blockchain at almost minimal cost. A wallet of unknown origin mobilized 48,500.08799325 BTC and only paid a fee of 675 Satoshis [$0.04].
On June 10th another flash crash occurred, Bitcoin had dropped to $7200 from $7600 under 2 hours. Almost all cryptocurrencies faced the same game troll, as they dropped by -5%.
Furthermore, on 23rd June Bitcoin dropped over $600 in 10 hours. BTC today has been falling rapidly in the past few hours and is facing its lowest points of the year.
At press time, BTC has a trading price of $5878. With a market cap of $100 billion, the coin has seen a fall of 3.90% in the past 24 hours and its weekly cap runs red with 10.84%.
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