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Bitcoin bear market is far from over, says analyst

December 10, 2018

Bitcoin prices rallied as much as 10% over the weekend, giving virtual currency owners some respite after another tumultuous week.

However, after moving above $3,600 on Sunday, the price of a single bitcoin BTCUSD, -1.98% has drifted lower and was last fetching $3,465.20, down 1.8% since 5 p.m. Eastern Time Sunday on the Kraken crypto exchange.

The market value of all cryptocurrencies is hovering above its 15-month low at $112.5 billion, according to data from CoinMarketCap.

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