Bitcoin falls below $6,000 Cryptocurrencies are fighting back after bitcoin dipped below $6,000
Cryptocurrency crash extends to another day.
Bitcoin falls below $6,000.
Bitcoin, ethereum, litecoin, ripple, and bitcoin cash suffered double-digit percentage losses early in the session but are recovering some ground by mid-morning.
Cryptocurrencies are fighting back mid-morning in Europe after double-digit percentage losses early in the session.
Bitcoin briefly fell below $6,000 at around 8.00 a.m. GMT (3.00 a.m. ET) for the first time since mid-November.
Hussein Sayed, chief market strategist at FXTM, said on Tuesday morning: “The most famous digital currency has fallen 69% from December’s record high, and almost 56% from the start of the year.”
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Ethereum, litecoin, bitcoin cash, and ripple also posted double-digit percentage losses early on Tuesday morning. Ethereum was down 18% at one stage.
But the crypto market is making up ground at just after 10.00 a.m. GMT (5.00 a.m. ET), paring back losses to the low single-digit percentages.