Dinocrypto

DinoCrypto

Crypto Market Sees Red as Bitcoin Price Drops $600 in 30 Minutes

Crypto Market Sees Red as Bitcoin Price Drops $600 in 30 Minutes

Bitcoin’s price slid more than $600 in 30 minutes, falling back below $10,000 on Wednesday.

Beginning at 17:50 UTC and lasting until 18:20 UTC, BTC witnessed a large pullback from $10,200 to $9,600, followed by a small bounce near $9,740, providing temporary support.

Bitcoin opened the day at just under $10,200. Over the trading day, BTC broke above $10,250 a handful of times. The action culminated with a 30-minute sell-off.

At the time of writing, BTC is currently changing hands at $9,700.

Major names such as ether (ETH), litecoin (LTC), XRP (XRP) and EOS (EOS) also began to fall in value at around the same time as BTC, losing between 5-10 percent alongside bitcoin.

Indeed, most of the cryptocurrencies on CoinMarketCap’s list of top 100 cryptocurrencies and tokens saw red.

Disclosure: This author holds bitcoin at the time of writing.

Rollercoaster image via CoinDesk archives

US Air Force Partners With Blockchain Firm to Automate Data Management
Santiago Stock Exchange to Partner in Blockchain Alliance