The price of bitcoin, the world’s largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday.
Bitcoin’s value slid to $6,455.92 during the afternoon trading session, dropping more than $280 in the span of two hours, according to data from CoinDesk’s Bitcoin Price Index. This represents the lowest figure since the start of April when the BPI registered a low of $6,443.
The charts suggest a support of $6,436 – if current levels are broken, the next major support is $6,000, borne from the lows from early February of this year.
As of press time, the BPI is reporting a price of $6,523.86.