Bitcoin • November 19, 2018, 11:30AM EST
Published 1 hour earlier on
UPDATED: November 19, 2018, 10:32AM EST

Bitcoin drops to a 13-month low 

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The Block

Over the past several hours, bitcoin prices fell from $5,556 to as low as $5,146, according to CoinMarketCap, -- a downswing of over 8%. The low represents a new bottom over the past 13 months, eclipsing the previous low of $5,158 on 12 October 2017 — extending the ongoing crypto bear market. Last week, price of Bitcoin dropped 15% from $6,392 to a local low of $5,560. Traders and enthusiasts are short of an explanation as to the cause of today's drop.