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Bitcoin Slides More Than 10 Percent to Near $10,000 Level
The price of bitcoin is down more than 10% today, according to CoinDesk's Bitcoin Price Index (BPI).
By Stan Higgins
Updated Sep 14, 2021, 1:55 p.m. Published Jan 22, 2018, 10:00 p.m.
The price of bitcoin is down more than 10% today, according to CoinDesk's Bitcoin Price Index (BPI).
At press time, the cryptocurrency's price is trading around $10,237.28, a decline of roughly 10.92% from the day's open of $11,522.86. As it stands, the current value is near the daily low of $10,050.79, and as of time of writing the price of bitcoin is down more than $1,200 for the day.
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As seen in the graph, the price held above $11,000 until roughly 13:15 UTC, after which the price dropped below that level.
The developments call to mind those seen last week – though in this case, the price hasn't fallen below the $10,000 mark. As reported on Jan. 17, the price hit a low of $9,714.02 on the BPI.
Additional market data shows that other cryptocurrencies, including nearly all of the top-20 coins by total capitalization, are down amid the day's trade. Among the worst performers are IOTA, which is down more than 18% in the past 24 hours, and monero, which has fallen nearly 15% in the same period, according to CoinMarketCap.
Bitcoin's price neared the $13,000 level this weekend, climbing to as high as $12,956 during Saturday's trading session, BPI data shows. By Sunday, the price of the cryptocurrency had fallen below $12,000.
Roller coaster track image via Shutterstock
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Lebih untuk Anda
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
Yang perlu diketahui:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
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