Bitcoin Slumps to 3-Month Low Below $6K

Bitcoin prices plunged to a 12-week low on February 5th, falling by double-digit percentage losses amid a continued crypto market sell-off. a combination of new buyer fatigue and negative news appears to have taken its toll. Bitcoin’s Price Index fell as low as $5,967.34 the lowest level since November 13, 2017. The total market capitalization of all cryptocurrencies has also fallen to $282 billion – the lowest level since November 26. Meanwhile, the remaining top 10 currencies by market cap are down at least 20 percent each. However, The crypto markets saw a rebound in the same week after the Securities and Exchange Commission (S.E.C) and Commodity Futures Trading Commission (C.F.T.C) gave a positive review of the digital currencies.