Bitcoin's price has almost hit $9,000 on Thursday, this movement took place just few hours after the cryptocurrency(Bitcoin) shortly restore back above $10,000.
In accordance with CoinDesk's Bitcoin Price Index (BPI), the low price hit $9,075.87 few moment after recovering. At press time, the cryptocurrency's value is waving around $9,287.00. This development is very noticeable, this came just after a day saw.
Some people that looked deeply into the situation has assigned Wednesday's move to lot of reasons, this reasons include issues of the cryptocurrency exchange Binance, a warning from the United States Securities and Commission of Exchange about compliance of exchange and the trustee report of Mt Gox exposing that some $400 million in bitcoin and bitcoin cash had been liquidated over a several-month period.
It's unclear what really drove today's market move. In confirmation, some explorer on social networks has proposed that the price could be used to test lower levels, while some are predicting a move to go as low as $7,000. Should bitcoin's price fall below $9,000,this would stand as the lowest level since this Valentine's Day from February 14, the market data shows.
more information that was prepared by cryptocurrency details provider OnChainFX has shows that the top-10 cryptocurrencies by market funds are down. Of those, in the past 24-hours cardano and bitcoin cash have dropped the most, going down by 8.59 percent and 6.95 percent, respectively.
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