Bitcoin’s price has fallen 15 percent from its recent all-time high, dropping by more than $1,800 since the start of the day.
After opening at $18,960.52 and briefly climbing above the $19,000 level, the cryptocurrency’s value fell below $18,000 first around 11:00 UTC and later at several points during the day. The latest move beneath that figure began 19:24 UTC, BPI data shows.
The trading activity brings the price back to the range it saw on Saturday, a day ahead of the bitcoin futures launch by CME Group. Indeed, it also continues a trend reported earlier today, during which the price of bitcoin had sunk below $18,000 while alternative cryptocurrencies like ether and REPposted significant gains.
As it stands, the collective market capitalization of the cryptocurrency ecosystem remains above $600 billion, having moved across that threshold for the first time yesterday.