Bitcoin Prices Extend Losses, Hit New 2018 Low

Bitcoin declined further on Friday night, building upon its recent losses and establishing a fresh low for 2018.

The cryptocurrency dropped to $5,938.17, its lowest since November 2017, according to the CoinDesk Bitcoin Price Index (BPI).At this point, it had plunged 57.2% from the start of the year and roughly 70% from its all-time high of $19,783.21 set in December 2017, additional BPI figures show.

Bitcoin prices had recovered somewhat at the time of this writing, trading at $6,122.74.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]