Tue. Oct 27th, 2020

Bitcoin and the wider cryptocurrency market has been searching for direction over the last few days but it’s finally made a move.

The bitcoin price, after taking another failed run at the $10,000 per bitcoin level last week, has shed around 5% in the last 24 hours—dropping to under $9,000 for the first time since late May.

Bitcoin fell to lows of $8,900 on the Luxembourg-based Bitstamp exchange before rebounding slightly.

The wider bitcoin and cryptocurrency market has recorded similar declines, with ethereum, Ripple’s XRP, bitcoin cash and litecoin all losing around 5% and wiping some $10 billion from the combined value of the world’s cryptocurrencies, CoinMarketCap data showed.

Read Full Story at www.forbes.com

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