Cryptocurrency Market Turns into Bloodbath as Bitcoin Price Slips Below $10,000

Libra Coin News
Wed, 08/28/2019 - 18:53
Alex Dovbnya
Bitcoin has increased its market share despite nose-diving below $10,000
Cover image via U.Today

After steadily hovering above $10,000, Bitcoin has just plunged below this pivotal mark. According to CoinMarketCap data, the top currency is down 4 percent over the last 24 hours, but its market dominance has actually increased to 69.3 percent.

Related
Forbes: Five Reasons Bitcoin Price Went Below $10,000


As expected, altcoins have been hit even harder. EOS has experienced a 9 percent drop, which is the biggest daily loss among the top 10 coins.

Image by coinmarket.com

Overall, there are very few coins within the CMC top 100 that stayed above the fray, which means that an alt seasons is probably not coming anytime soon.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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