itcoin costs "flash crashed" exhausting — dropping nearly $800 in a very jiffy to indicate double-digit losses. it had been down eleven.4% and commerce at $8,150 as of business enterprise time. According to information from Coin360, Bitcoin investors square measure experiencing a painful weekday, with BTC/USD hovering on the point of $8,100. Bitcoin’s fast drop below $9,800 was the most recent move in what was otherwise a slow grind downwardly, that began at the start of September. Cointelegraph contributor Crypto archangel recently aforesaid that consequent Bitcoin value zone to look at lay straightaway below the $9,800 commerce levels. He added: “Break that and investors might foresee to a take a look at of $7,500 support.” Bitcoin appeared to be stabilising round the $8,150 value mark at the time of writing. The overall cryptocurrency market cap stands at $222 billion at press time, having lost a banging $20 billion in but associate degree hour. Bitcoin’s share sits at sixty nine.2%.
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