Bitcoin price drops below $10,000 per coin for the
third time in two weeks.
As of 10.10 a.m. GMT (5.10 a.m. ET) the largest
cryptocurrency is down around 6%.
Recent falls are largely down to market fears after
reports that cryptocurrency exchanges Bitfinex and Tether
being subpoenaed by US
regulators in December.
LONDON — Bitcoin
dropped below the psychologically significant $10,000 per coin
level on Thursday morning, the third time in just two weeks that
it has done so.
The cryptocurrency has hovered around the mark for most of the
week, yoyoing between sub- and plus-$10,000 line frequently.
Most recently, on Wednesday it fell below $10,000
after reports that cryptocurrency exchanges Bitfinex
and Tether being subpoenaed by US
regulators in December dragged down
prices.
It seems as though those concerns are still impacting the
market, and on Thursday morning in Europe, the price of bitcoin
has fallen around 6% to push it back below $10,000.
By 10.10 a.m. GMT (5.10 a.m. ET), it is trading at $9,540,
as the chart below illustrates:
Markets
Insider
Concerns have been swirling in the cryptocurrency market for
months about the status of Tether, a cryptocurrency issued by
Tether Limited. It plays a central role in the operation of many
leading cryptocurrency exchanges, including Bitfinex, but there
is speculation that the company behind it may not hold the dollar
reserves it claims.
Elsewhere in the crypto markets, ethereum is down around
1.7% to trade at $1,090, while Ripple's XRP is almost 10%
lower.
You can read more about Tether, via Business Insider's Oscar
Williams-Grut, here.
Get the latest Bitcoin price here.>>
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