Bitcoin slipped below $6,000 on Tuesday to its lowest in six weeks in a move echoed by other major cryptocurrencies.
Bitcoin fell as much as 6 per cent to a low of $5,880, its weakest since June 29, according to Reuters data based on the Bitstamp exchange. Ethereum, the second-largest cryptocurrency by market capitalisation tumbled 16.9 per cent to $266.32, according to coinmarketcap.com.
Tuesday’s fall brings bitcoin to within striking distance of its 2018 low of $5,774.72, which it hit on June 29. The digital currency traded at a high of $17,234.99 in January.
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