17 JAN

Cryptocurrency bloodbath continues as bitcoin falls below $10,000

Bitcoin fell below the psychologically significant level of $ 10,000 on Wednesday morning, marking a second day of double-digit declines for the virtual currency. One bitcoin is now worth $ 9,700, less than half its peak value of $ 19,500 achieved just last month.

Bitcoin’s fall is part of a broader cryptocurrency sell-off. For the second day in a row, every major cryptocurrency has suffered double-digit declines over the previous 24 hours.

Ethereum is now worth $ 810, down 42 percent from its peak above $ 1,400 just four days ago. Litecoin has fallen to $ 150—down 58 percent from its peak of $ 360 on December 19. Bitcoin Cash, a rival version of bitcoin, was worth more than $ 4,000 on December 20. It’s now down to $ 1,500, a 65 percent decline.

Read 4 remaining paragraphs | Comments

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.