The price of bitcoin has fallen below $9,000 for the first time in two months as cryptocurrency markets see relentless fall offs. The fall below $9,000 marks the lowest bitcoin has fallen since late November 2017, market data shows, when it first reached hit that threshhold.
Ripple’s XRP token which saw massive year end gains has suffered a similar fate, falling to less that $1 for the first time in weeks.
Market data shows how many other cryptocurrencies are seeing massive price declines during the today’s session. Nearly all of the top 25 cryptocurrencies are seeing double-digit percentage fall-offs in the past 24 hours.
The declines in the top tokens represent an overly tough month of January that saw the collective market capitalization for all cryptocurrencies fall from over $800 billion to less than $500 billion.