BTC price falls below 6k! Extinction event on sight?

Bitcoin (BTC) prices fell below $6,000 for the first time since the end of June Tuesday, August 14, as the cryptocurrency community remains resilient.

Data from Cointelegraph’s price tracker and Coin360 depict a gloomy environment for traders Tuesday, with all major assets in the red as Bitcoin falls almost 5 percent in 24 hours. Top ten coins are seeing as much as 17 percent losses on the day, with top fifteen coins are down as much 20 percent over the same period.

The pair has come full circle since mid-July, when a sudden bull market took over to bring prices to a peak around $8,450 across major exchanges.

Progress then reversed as August began, meaning investors have seen monthly gains to date of just 3 percent.

The figures nonetheless set Bitcoin apart from altcoins, and specifically Ethereum (ETH), losses of which extend to 16 percent on the day and almost 35 percent on the week.

Over the past 30 days, ETH/USD has slipped almost 40 percent.