Bitcoin price fell below $4,000 on Tuesday during a marked sell-off in Korean markets, losing over 10% in value after reaching a new all-time record high above $4,400 on the trading day.
Bitcoin prices’ rampaging run saw its upward momentum dented for the first time since breaking the $4,000 milestone over the weekend, falling to a low of $3,925 on Bitstamp on Tuesday.
Data from the Bitstamp Price Index (BPI) shows bitcoin price reaching a new all-time high of $4,400 during the early hours of Tuesday around 02:00 AM (GMT). The subsequent trading period over the day saw bitcoin’s value slip back toward $4,200 around 07:00. A sharp drop at 11:00 resulted in bitcoin price dipping to $3,925.7, a low since the turn of the week.