Today the price of bitcoin is down for more than 10% and has slipped below $10,000 amid wider weakness in the cryptocurrency market. The price of bitcoin was trading at $9,992.12, representing a decline of roughly 9.9%.
Overall, the price of bitcoin is down more than $1,100 since Tuesday's session began.
The cryptocurrency's price had been trading above $11,000 since Saturday when it briefly went below that level. After bouncing around that figure this morning, bitcoin slid below $11,000 around 9:15 UTC.
Other cryptocurrencies have taken a hit today as well.
The prices of all of the top-10 cryptocurrencies by market capitalization (which is the spot price of the token multiplied by the total amount of tokens in circulation) have fallen in the past 24 hours. These include NEM, EOS and Cardano, all of which have shed at least 10% in value since yesterday.
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