Bitcoin rate continues going down, breaking new all-times records of decline
On February, 2nd, bitcoin price dived below the level of $8500 per unit. The cryptocurrency had this price in November, 2017 last time.
Almost all cryptocurrencies from the first hundred of Coinmarketcap rating are falling in price.
Bitcoin current marketcap is $141 billion. Dominance Index is also rather low, 35.9%.
The marketcap of all cryptocurrencies decreased by half just in the last month. If in early 2018, the total cost of cryptocurrencies was $800 billion, today it doesn’t reach even $400 billion.
The main reasons for the quotes fall remain the tightening of policy for digital assets in India and South Korea, as well as, a hacking attack on Coincheck exchange, resulted in strong restrictions by the Japanese authorities.