- Cryptocurrency markets around the world have been smoked this week, with bitcoin falling below the $10,000 milestone it crossed back in November, thanks to concerns about regulation in Asia.
- "Despite the fact that bitcoin has almost halved from its peak of $19,800 reached mid-December, it still remains 1100% higher than it was 12 months ago," City Index's Simon Revington said in an email. "However, we could be seeing an important loss of momentum, especially given that Bitcoin hasn't traded above $15,000 since Tuesday. $10,000 level is an important junction because it is a huge psychological level."
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Bitcoin Cash tumbles as the 'cryptocurrency bloodbath' continues
The cryptocurrency split from bitcoin in August 2017 and quickly skyrocketed to over $4,000. Now it's worth less than half.
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