- Bitcoin nears its lowest level of the year.
- Other major cryptocurrencies ether and XRP fell alongside bitcoin.
- The total market capitalization of all cryptocurrencies dropped $21 billion in 24 hours.
- Bitcoin fell below $6,000 Monday for the first time since June as the majority of cryptocurrencies declined in value.
The world's largest digital currency by market value tumbled as low as $5,900 at around 10 p.m. ET, and was down around 4 percent, according to CoinDesk index data, which tracks prices from several exchanges. The cryptocurrency later recovered to $6,112 by 9 a.m. ET.
Bitcoin's price is close to its lowest point of the year hit on June 18, when it retreated to $5,785.