The bitcoin current price is dipped to $6,160 USD today, pushing the major cryptocurrency price to a six-week low.
The market though hadcreateda lukewarm recovery earlier thisday, with bitcoincrawlingup to $6,600 but at this time its again hovering above the $6,000 USD mark.
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 $7,000 USD mark. The current price Index of Bitcoin states not a very good market hold.
Though currently its managing to stay above $6,000 USD globally however on Bitstamp exchange the price dipped even lower to around $5,996 USD for the first time this morning.