RATE Group | Top Coins Continue to Decline, Bitcoin Drops to $8,300 Threshold
65025
post-template-default,single,single-post,postid-65025,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Top Coins Continue to Decline, Bitcoin Drops to $8,300 Threshold

11 Oct Top Coins Continue to Decline, Bitcoin Drops to $8,300 Threshold

Posted at 20:52h in Cryptocurrency News by

[ad_1]

Friday, Oct. 11 — Major cryptocurrency markets have continued sliding over the day, with only three coins in the top-20 list reporting gains.

Cryptocurrency market daily overview. Source: Coin360

Cryptocurrency market daily overview. Source: Coin360

The top cryptocurrency Bitcoin (BTC) is trading at around $8,355, having lost 2% on the day at press time. The majority of the decline took place over a period of just 1 hour earlier today, when the coin slumped from $8,734 to $8,404.

Bitcoin’s recent price fluctuations are highly thought-provoking, leaving industry stakeholders much to speculate on. Metrics and predictive indices project Indexica suggested that Bitcoin’s fall is explained by a growing cryptocurrency ecosystem rather than by the coin itself. Zak Selbert, CEO at Indexica, argued:

“Now that Bitcoin is a big kid, anything can make it move, just like anything can make gold or a G-10 currency move. Bitcoin is part of the financial landscape in a very intertwined and mature way.”

Bitcoin 24-hour price chart. Source: Coin360​​​​​​​

Bitcoin 24-hour price chart. Source:

[ad_2]

Source link

Tags:
, , , , , , ,