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Bitcoin's Price Drops Below $10,000 for First Time Since Early December
Jan 17, 2018 at 14:26 UTC | Updated Jan 18, 2018 at 09:19 UTC
The price of bitcoin has fallen below $10,000 for the first time since early December.
According to CoinDesk's Bitcoin Price Index (BPI), the cryptocurrency's value has hit a low of $9,714.02 as of press time. The last time bitcoin's price was below $10,000 was on Dec. 1, BPI data shows.
As of the time of writing, the price had recovered somewhat, trading at $9 Current Ethereum Price Cad ,737.20. Market analysis suggests that the price
in either direction and recent regulatory developments – out of
and China in particular – could roil markets further, according to some observers.
Bitcoin's come comes amid the backdrop of a wider fall in cryptocurrency markets, a state of affairs which was on full display
shows that many of the top cryptocurrencies remain in the red for the past 24 hours, including ether, which has fallen below $900.
more than 90% on news that the company behind is moving to shutter its lending and exchange platform amid a wave of criticism and regulatory scrutiny.
As it stands, the collective market capitalization of all cryptocurrencies has
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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