The cryptocurrency markets have lost more than $10 billion in value over the last 24 hours, with some of the top ten coins posting double-digit losses.
In early trading, the price of bitcoin lost more than 5% of its value. After defending the $4,000 price level in three consecutive days, bitcoin is now trading just above $3,800.
Bitcoin’s price plunge dragged down most of the top ten coins, including Bitcoin Cash, Ethereum, Litecoin and Bitcoin SV. Ethereum and Litecoin were down by more than 11%, while Bitcoin SV was off by a little over 10%. The biggest loser is Bitcoin Cash, down by 15.30%
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