Bitcoin drops below $ 4,000 as sales rise

The crypto rout continues. On Saturday, Bitcoin, the world's largest digital currency, broke the $ 4,000 mark, dropping 15% to a new 14-month low below $ 3,500.

Saturday's drop marked the 12th losing session of the last 14 and a bitcoin

BTCUSD, -0.49%

on track for his third consecutive weekly loss. On Sunday afternoon, a single bitcoin reported $ 3,957.63, according to CoinDesk's prices.

The year has been tough for investors in the emerging digital technology. Since January 7, more than $ 700 billion has been cleared of the total value of all crypto-currencies, which now stands at $ 122 billion, according to data from CoinMarketCap.

Yet his unconditional supporters are not disturbed.

"This opportunity does not come often. If you had missed in 2014, 2015, 2016 and 2017, the time has come, "writes cryptocurrency analyst Joseph Young in a tweet, citing the possibility for investors to buy bitcoins at $ 3,000 and 100% at $ 100.

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Altcoins or coins other than bitcoins did not behave better. Ether

ETHUSD, -0.28%

traded under the $ 100 mark for the first time since May 2017, in cash bitcoin

BCHUSD, -0.33%

dropped by $ 200 and is now down 94% over the year, and XRP

XRPUSD, + 0.49%

, The Ripple Protocol Room, was at 32 cents.

Merchants will monitor bitcoin futures prices when they open on Monday. Should CME

BTCZ8, -4.34%

contract negotiated at approximately $ 3,200, it could reach a strict limit of 20%, which, if achieved, is a level at which the contract can not be negotiated below for the remainder of the session.

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