₿ITCOIN UPDATE 💰 | ₿itcoin Breaks Below $7K!!!
Bitcoin in a Whirlwind Down: Breaks Below $7K to a 50 Day Low
Bitcoin is trading at its lowest price after breaking below $7,000 since February 7th this year.
According to Bitcoin’s price index, the world’s largest cryptocurrency is hovering around $6700 in a move that saw a steady decline from $8000 since the start of the month; a whopping 15% deep within the day.
This puts Bitcoin at a 51 day low, down 42 percent from its recent high of about $11, 660, and a large 60 % drop in value from the record year high of $17,144 on Jan 7th 2018.
However, the Feb 6.low of $5,947 still remains a psychological level. A break of that low could signal a further decline in the digital asset.
The drop has also seen a broader market decline from other cryptocurrencies with ethereum, litecoin and ripple leading the way.
Statistical data from CoinMarketCap shows that the market capitalization of all cryptocurrencies stands at a three-month low of $256 billion which represents an alarming 70% decline from its year high of $800 billion in January.
Within the last 24hrs the top 20 tokens are all showing a 10 to 20 percent selloff.
As reported the second to fourth cryptocurrencies have all hit 2018 lows in terms of trade volume. Earlier today the price of Ethereum broke below a major downside hurdle “$400” the first time since November last year.
What are your thought about the current market situation? Will it ever recover?
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Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
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