From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple etc.
Bitcoin price trends.
Bitcoin Price Hits 2018-Low at $5,825.In February, the bitcoin price recorded a major drop from around $8,000 to the lower end of $6,000, bottoming out at around $6,050. End of the 2017 bitcoin hit $20,000 and it's all-time high price in bitcoin price history. Now bitcoin 75% down to all-time high.
As of current, many traders see a BTC bottom at around $5,000, some below the $5,000 region. But, unless the market fails to rebound at all and show no signs of mid-term recovery, it is difficult to see BTC dropping below $5,000.