Bitcoin drops below $10,000 with $30 billion of value

in #bitcoin6 years ago

The world's largest cryptocurrency was trading at $9,801.14 at about 9:09 a.m. ET on Wednesday, and was down almost 12 percent in the last 24 hours, according to CoinDesk data. CoinDesk tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex.

The last time bitcoin fell below the $10,000 mark was November 30. The red-hot digital asset soared to a record high of $19,343 last month, but has since been on a gradual decline. At its current price, it is now down 49 percent from that all-time high.

More than $30 billion was shaved off the cryptocurrency's market value in the last 24 hours.

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