Breaking: Bitcoin crashes below $6,000 in a sharp move, to the lowest in 10 months

Yohay Elam FXStreet

Bitcoin has crashed below $7,000 and trades just below $6,500 at the time of writing, a fall of over 15% on the day.

It is trading at the lowest levels in 2020, the lowest since May 2019.

Update: BTC/USD is now below $6,000, extending its rout, down nearly 30% on the day. Other cryptocurrencies are also crashing with Ethereum under $150 and Ripple under $0.20.

High volatility extends and there is no clear trigger for the sudden sell-off.

See Bitcoin's greed and fear index implies a buying opportunity

Here is how the move looks on the chart:

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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