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Bitcoin falls back below $60,000 for first time since Nov 1 -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration shows representations of Bitcoin on a motherboard. It was taken May 20, 2020. REUTERS/Dado Ruvic/File Photo

LONDON – On Tuesday, the price of LONDON fell to $60,000 for the first ever time since Nov. 1. The cryptocurrency ether was also sharply affected.

Bitcoin, which reached a record $69,000 this week, plunged to $58,600. This was the lowest level in 19 days. The day’s last drop of 7% saw it fall as low as 7%. This is 14% less than the peak.

Ether (the second largest cryptocurrency worldwide) fell to a low of $4.109.03 over the past 19 days and then dropped back around 9.7% during the same period.

The move, if it continues, will mark the biggest drop in cryptocurrency prices since September.

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