Bitcoin's Price Falls Below $6K to Near 2018 Low

BTC Decline from November 2013 to August 2015. Source

BTC Decline from November 2013 to August 2015. Source

The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world's largest cryptocurrency within 2 percent of its 2018 low.

On Dec. 19th, the average price of BTC was $17,605.81 across exchanges - an 65 percent higher price than the cryptocurrency's value today, according to the CoinDesk Bitcoin Price Index. The decline coincided with concerns that investors are "cashing out" the digital currency to cover business expenses, Bloomberg reported.

It's Official, Sydney Is More Liveable Than Ever
On a larger scale, global livability has improved for the second year in a row, increasing from 74.8% last year to 75.7% in 2018. Unsurprisingly Syria's war-torn capital Damascus continues to languish at the bottom of the list, with an overall score of 30.7.

Bitcoin dropped below $6,000 and dozens of smaller digital tokens tumbled as this month's selloff in cryptocurrencies showed few signs of letting up.

The altcoin massacre has become so pronounced this week that bitcoin dominance - the share of the total cryptocurrency market cap that belongs to BTC - has not only crossed 50 percent for the first time in 2018 but also soared to 54.3 percent - its highest mark since December 18, the day after the bitcoin price peaked at its all-time high (OnChainFX has bitcoin dominance listed at 57.3 percent). A ruling is now expected to come at the end of September. According to Forbes, a huge influx of money is coming into the cryptocurrency market and going straight to Bitcoin due to the economic collapse that is now occurring in Turkey.

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