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Breaking: Bitcoin slumps below $10,000 in sudden selloff

Breaking: Bitcoin slumps below $10,000 in sudden selloff
FXStreet TeamFXStreet TeamFXStreet

Bitcoin came under heavy pressure in the last minutes and lost more than $500 to break below the critical $10,000 mark. As of writing, the BTC/USD pair was down 3% on the day, trading near $9,500.

Although there isn't an apparent catalyst behind that sudden drop, all the other major cryptocurrencies seem to be staging a similar action. At the moment, the ETH/USD is down more than 5% on the day, testing the $200 handle, and the XRP/USD is losing 4.65% at $0.3090. Furthermore, both Litecoin and Bitcoin Cash are in the negative territory on the daily chart. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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