Bitcoin Hits Another Low, Bitcoin Cash Is Down Almost 50% on the Week

Friday, Nov. 23: Crypto markets are facing another significant decline today, with Bitcoin seeing another yearly low, and Bitcoin Cash dropping almost 50 percent over the past 7 days, according to data from CoinMarketCap.

Bitcoin dropped below the $4,200 price point to as low as $4,195 earlier today, breaking the lowest threshold for the first time since September, 2017.

As of press time, the major cryptocurrency is down around 4.5 percent and is trading at $4,291.

Following a massive decline last week, Bitcoin is down around 23 percent over the past 7 days.

Ripple, the second top cryptocurrency by market cap, has also been touched by the decline, down 7.6 percent over the 24 hour period.

The cryptocurrency is trading at $0.402 as of press time, down over 14 percent over the past week.

Ethereum is trading at $120, down more than 30 percent over the week.

Bitcoin Cash, which some claim caused the recent crash in markets with its recent hard fork, is down almost 50 percent over the past 7 days.

Total market capitalization is currently $138 billion, following a decline to as low as $136 billion earlier today.

The expert suggested that if Bitcoin sees a "Run down toward $3,000," the crypto market "Is going to be a monster," with people "Running for exits."