Bitcoin price retreated below $4,000 for the first time this week to trade near $3,750 during Thursday’s early trading period.
The price of bitcoin, the world’s first and foremost cryptocurrency by market value, was trading at $4,036 (Bitstamp) at 07:00 UTC on Thursday before a precipitous fall leading to a drop of nearly $300 in under 30 minutes.
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At press time, bitcoin price is trading at $3,782. The drop has also impacted a wider sell-off in the cryptocurrency market, wiping out nearly $10 billion in a 3-hour period.
Developing…stay tuned for a wider market analysis.
Featured Image from Shutterstock. Charts from TradingView.