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Bitcoin Drops to $10k Amid Worst Single-Day Loss in a Month

The cryptocurrency markets were flashing red again on Thursday after bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours.


On August 14, beginning at 12:00 UTC, BTC began to fall sharply from $10,862 to as low as $9,888 before traders bought the price back up above $10,000.


It marks the worst single-day loss since July 16, approximately 30 days ago.


However, BTC’s price has successfully defended a sub $10,000 close on yesterday’s trading period and is currently changing hands at $10,084.


Read More at CoinDesk

#BTC #Bearish #Corrections

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