Bitcoin has witnessed a major downturn, falling as much as 7.4% and dropping below the $10,000 mark for the first time since June. The fall is a decline of over 20% from its recent peak reached last month. The current slump is different from previous ones, which were triggered by sudden market movements due to futures market liquidations. This is driven mainly because of large holders (‘whales’) exiting their market positions and booking profits.
This news is powered by NewsBytes 
