Bitcoin Sinks Below $10,000, Online Gold Coin Sales Jump 400%
NEW YORK (Dispatches) - Bitcoin tumbled below $10,000, bringing its loss to almost 50 percent from a record set only a month ago, as increased scrutiny from regulators around the world weighs on the digital-coin craze.
The largest cryptocurrency dropped 10 percent to $9,610.05 as of 9:33 a.m. in New York, its first foray below $10,000 since Dec. 1, according to consolidated pricing data collated by Bloomberg. It has fallen from a record $19,511 reached Dec. 18, and seen more than $140 billion shaved off its market value.
Gold coin sales jumped fivefold on Tuesday at one of Europe’s largest online dealers as Bitcoin suffered its biggest selloff since December.
The company sold almost 30 kilograms, worth $1.2 million in the spot market, director Daniel Marburger said. Bitcoin dropped 23 percent on Tuesday and slid to within $8 of the $10,000 level today. About $300 billion was knocked off the global market for digital assets in the last three days, shaking investors in the nascent market.
The largest cryptocurrency dropped 10 percent to $9,610.05 as of 9:33 a.m. in New York, its first foray below $10,000 since Dec. 1, according to consolidated pricing data collated by Bloomberg. It has fallen from a record $19,511 reached Dec. 18, and seen more than $140 billion shaved off its market value.
Gold coin sales jumped fivefold on Tuesday at one of Europe’s largest online dealers as Bitcoin suffered its biggest selloff since December.
The company sold almost 30 kilograms, worth $1.2 million in the spot market, director Daniel Marburger said. Bitcoin dropped 23 percent on Tuesday and slid to within $8 of the $10,000 level today. About $300 billion was knocked off the global market for digital assets in the last three days, shaking investors in the nascent market.