FXstreet

The digital currency dropped to as little as $5,785.43 by 16:00 UTC (12:00 p.m. EST), according to the CoinDesk Bitcoin Price Index (BPI). At this point, Bitcoin was down roughly 5.3% over the last 24 hours and was trading at its lowest since November 2017, additional BPI figures show.



Bitcoin has been suffering a gradual, downward trend for the last several months, losing roughly more than two-thirds of its value since hitting an all-time high late last year.

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