{"id":16683,"date":"2019-08-29T00:00:00","date_gmt":"2019-08-29T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/bitcoin-btc-price-falls-below-10k-again-shedding-600-in-30-minutes\/"},"modified":"2019-08-29T00:00:00","modified_gmt":"2019-08-29T00:00:00","slug":"bitcoin-btc-price-falls-below-10k-again-shedding-600-in-30-minutes","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-btc-price-falls-below-10k-again-shedding-600-in-30-minutes\/","title":{"rendered":"Bitcoin [BTC] Price Falls Below $10K Again Shedding $600 in 30 Minutes"},"content":{"rendered":"
Bitcoin price<\/strong><\/a> is back below the psychological $10,000<\/strong> level after shedding more than $600 in 30 minutes on Wednesday evening August 28<\/span>th<\/span><\/sup>. Starting at 17:50 UTC through 18:20 UTC, the price of the flagship cryptocurrency fell from about $10,200 down to a low of $9,555 on the Luxemburg-based crypto exchange Bitstamp<\/span>.<\/span><\/p>\n <\/p>\n That\u2019s a percentage fall of more than 6% in less than an hour<\/strong> which was preceded with a period of relative stability for about two weeks.<\/span><\/p>\n The coin is currently trading against the US dollar at the rate of $9,575 per bitcoin. Bitcoin is now down about 13% since its weekly high of $10,955 on August 20<\/span>th<\/span><\/sup>.<\/span><\/p>\n Several other coins on the <\/span>Coinmarketcap<\/span><\/a><\/u><\/span> list are in the red following Bitcoin\u2019s latest dump. Most of the top 20 coins are registering drops of between 5 and 10% with Tron [TRX], Cardano [ADA] and Binance Coin [BNB]<\/strong> shedding the most in the last 24 hours.<\/span><\/p>\n <\/p>\n The coins have lost 11.3%, 10.5%, and 10.4% respectively. Ethereum<\/strong>, the leading altcoin by network value has lost about 8% trading at $171 as of press time. <\/span><\/p>\n UNUS SED LEO [LEO]<\/strong>, the token associated with controversial cryptocurrency exchange Bitfinex and leading stablecoin Tether is perhaps the best performing token amongst the top 20 coins with relatively modest losses of 3% over the last 24 hours.<\/span><\/p>\n Market analysts are associating the Wednesday market slide with futures traders activity.<\/strong> The CME bitcoin futures contract is about to close this Friday which means that some traders could be looking to manipulate the price to get to their price targets. <\/span><\/p>\n