Bitcoin (available on Coinbase) Price Watch: Yesterday saw Bitcoin (available on Coinbase) (BTC) price fall to almost below $6,000. But what about today?

First, let’s recap the last month.

Bitcoin (available on Coinbase) Price Watch: The Past Month

Mid-July was looking promising for the coin as it began a sudden bull-run that saw Bitcoin (available on Coinbase) climb to a peak of around $8,450.

But typically reflective of this volatile marketplace, the highs did not last long and BTC has been on a steady downward climb since hitting the peak. Once August kicked in, it seemed any progress made in those impressive two weeks in July was lost.

This meant that investors only saw monthly gains of 3%. It was looking as if it was going to be much higher than that.

Bitcoin (available on Coinbase) Price Watch: Today’s Market

As it stands, today—Tuesday—looks pretty gloomy across the entire market, as all the major coins are in the red. Bitcoin (available on Coinbase) itself is down almost 5% in the past 24-hours but some major coins, such as Ethereum (available on Coinbase), are suffering almost a 20% loss; currently, ETH is down a whopping 19.03% at the time of writing.

In fact, in the past 30 days, ETH has slipped almost 40%.

Comparatively, though, Bitcoin (available on Coinbase) is holding on in there. Traditionally speaking, the Bitcoin (available on Coinbase) price tends to dictate market trends; if it is climbing, other coins follow suit and likewise the other way.

Source: CryptoCurrencyNews.com