The exchange rate of bitcoin for the past two months were in the channel $6 300 — $6 600, showed a sharp decline Wednesday evening and by the time of publication fell below $5 900. Thus, in the last 24 hours the largest cryptocurrency has lost more than 8% of the cost and returned to the annual minimum. The last time at $5 835 bitcoin trading in late June of this year.

While cryptocurrency derivatives exchange BitMEX, where in the last hours have seen a massive liquidation of long positions, bitcoin is already at $5 600. At comparable levels, the cryptocurrency traded on the platforms with the support of Fiat, including Coinbase Pro, Gemini, Bitstamp and Kraken. On the Asian platforms such as OKEx, Binance and Huobi, bitcoin is holding around $5 800, and on Bitfinex — $6 000.

In a similar way characterized by the behavior of all the major cryptocurrencies, with the difference that their decline was even more rapid – they lost in value by 11-15%, and some about 20%.

The capitalization segment in the last hours dropped to $20 billion and now is $188 billion.

The reason for this behavior of the market at the time of publication are not obvious.

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