Bitcoin
$38,286.43+4.02%
Ethereum
$2,065.03+3.47%
Binance Coin
$229.23+2.32%
XRP
$0.61310432+2.74%
Solana
$58.59+8.47%
Cardano
$0.38760336+4.13%
Dogecoin
$0.08089543+4.85%
Tron
$0.10374644+1.12%
Toncoin
$2.47+0.80%
Chainlink
$14.67+5.31%
Avalanche
$20.62+3.22%
Polygon
$0.75611370+3.37%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Features

Bitcoin Slumps to 3-Month Low Below $6K

Bitcoin prices plunged to a 12-week low below $6,000 this morning, reporting double-digit percentage losses amid a continued crypto market sell-off.

By Omkar Godbole
AccessTimeIconFeb 6, 2018 at 8:30 a.m. UTC
Updated Sep 13, 2021 at 7:32 a.m. UTC
chart on phone

chart on phone

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin prices plunged to a 12-week low below $6,000 this morning, reporting double-digit percentage losses amid a continued crypto market sell-off.

Prices on CoinDesk's Bitcoin Price Index (BPI) fell as low as $5,967.34 at 07:59 UTC – the lowest level since Nov. 13. As of writing, the world's largest cryptocurrency by market capitalization is changing hands at $6,156, down around 22 percent on a 24-hour basis.

The sell-off has been significant, as indicated by the $1,000 drop seen between 00:45 to 05:00 UTC. Further, during the same time period, the market capitalization of bitcoin dropped more than $11 billion to $106 billion. The total market capitalization of all cryptocurrencies has also fallen to $282.40 billion – the lowest level since Nov. 26.

Meanwhile, the remaining top 10 currencies by market cap are down at least 20 percent each. NEO has depreciated by 36 percent in the last 24 hours, according to data source CoinMarketCap and is the biggest loser in the top 10.

In the top five, ethereum's ether token is down 29 percent, Ripple's XRP is down 24 percent, bitcoin cash has lost 28 percent and cardano is down 24.

Chart on phone image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.