Bitcoin price has taken a dive, falling over 15%on Thursday to hit a low of $2,131.2 on Bitstamp.
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The price of bitcoin has taken a downward turn, hitting a global average low of $2,195.68 as it stumbles toward its lowest figure in June.
Market data from CoinmarketCap reveals a significant sell-off in global markets including the United States, China, Korea, Japan and Europe.
The downturn in markets is widespread as the top 40 cryptocurrencies all fell in what resembles a bloodbath.
Thursday’s collapse represents one of the sharpest falls for the cryptocurrency in 2017, altogether losing nearly $500 in value. At the time of publishing, bitcoin is trading to the dollar at $2,130 on Bitstamp.
Since Sunday’s all-time high of $3,000, bitcoin is down over 40% at its lowest point today.