The bitcoin current price is dipped to $5,921 USD today, pushing the major cryptocurrency to lowest this year.
The market though had created a lukewarm recovery earlier this day, with bitcoin crawling up to around $6,000 USD now at the time of reporting. However, bitcoin remained in the wave of a severe downward trend due to the negative disapprovals by the SEC for the Bitcoins ETF approvals followed by excessive panic sell off of the digital currency in July this year.
The bitcoin is since struggling till date to tumble to a level above $6,500 USD mark. The current price Index of Bitcoin states not a very good market hold.
The Second major cryptocurrency Ethereum ‘ETH’ is also hovering at a price mark of $269.9 USD and is lowest since the start of this year. Ripple ‘XRP’ is 13.62 Percent down at a price of $0.26 USD along with Bitcoin Cash ‘BCH’ following a drop of 14.37 percent at a price of $500 USD today.