Bitcoin Price Falls

Breaking: What Caused Bitcoin’s Prices to Plunge Today?

Bitcoin lost more than 10% today, following many digital currencies lower after market research showed a decline in investor sentiment.

The price of bitcoin had fallen to as little as $3,570.29 at the time of report, down roughly 10.6% in the last 24 hours and 11.2% from the start of the day, according to CoinDesk bitcoin price data.

Other major cryptocurrencies had suffered even greater losses, with ether, litecoin and bitcoin cash having declined 16.5%, 16.4% and 16.3% over the last 24 hours, additional CoinDesk figures reveal.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Falling Sentiment

These widespread declines took place right after a drop in the sentiment surrounding most of the 10 largest digital currencies, noted…

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