Bitcoin price news LIVE: BTC takes heavy hit – bearish trend takes over | City & Busines…

MORNING HEADLINES

Good morning and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

Cryptocurrency charts show a sharp drop this morning after bitcoin traders took part in an overnight flurry of sales. 

BTC has lost 3.71 percent on the day, trading at $7,837.76.

The rest of the market suffers from a bearish trend too, with Ethereum losing 5.57 percent to trade at $435.10, while Ripple dropped 3.50 percent to sell for $0.432959.

Litecoin tumbled 6.58 percent to trade for $77.49.

The bears appear to be moving in as the market slides away from last week’s gains.

7.45am UPDATE: Thomson Reuters chooses CryptoCompare to bring in market data

The news media world is colliding with the cryptocurrency world as Thomson Reuters partners with CryptoCompare.

One of the biggest news organisations in the world, Thomson Reuters, has selected cryptocurrency market data aggregator CryptoCompare to provide trade data on more than…