Home / Archive / Newsflash: Bitcoin Price Hits a 10-Day Low

Newsflash: Bitcoin Price Hits a 10-Day Low

Last Updated
Samburaj Das
Last Updated

A gloomy Monday ushers Bitcoin in with a downward start to the week as prices fell 4.8% to hit a low of global average low of $2,459.72.

In a downturn that began late Sunday evening, bitcoin prices fell below $2,500 for the first time in over a week. On Bitstamp, bitcoin price hit a low of $2,432, reminding investors of the ongoing volatility with cryptocurrencies less than a fortnight of hitting an all-time high of $3,000.

At press time, figures from CoinmarketCap shows  bitcoin price trading at just under $2,550, losing 4.69% on the day. Data shows a significant withdrawal from investors in US markets, followed by Asian and European trading markets.

The United States leads the global trading markets with over a third of the trading volume over a 24-hour period, followed by China, Japan and Korea. The three Asian markets are all seeing trading premiums, with the Korean market currently fielding a significant 15% premium in its spread over US-based markets. Bitcoin is currently valued above $2,900 in a country whose authorities are unable to agree on a uniform path toward regulating its local bitcoin industry despite a pro-FinTech and digital currency-friendly agenda set by the Korean government.

Meanwhile, bitcoin isn’t the only currency to see a fall among the wider crypto-market at the start of the final week of June. Ethereum has seen bigger losses leading into Monday, trading under $300 per Ether as gloomy Monday awaits an upbeat turn to hit the green.

For a real-time bitcoin price chart, click here.

Featured image from Shutterstock.

Samburaj Das

Samburaj is Editor of CCN.com, one of the earliest and foremost publications covering blockchain, and financial technology news. Now focusing on Markets, Showbiz, Sports, and Gaming. He has authored over 2,000 articles for CCN.com. Reach him at [email protected]. Visit his LinkedIn profile here .
See more