Bitcoin crashes 20% from its highs
Bitcoin fell below $10,000 for the first time on Wednesday, after crossing the milestone just a day earlier.
The cryptocurrency is now trading at $9,324.54 per coin, which is 20% below its peak of $11,413.03, according to data from Markets Insider.
Other currencies like Ethereum and litecoin also crossed major milestones in the past 24 hours. Ethereum traded above $500 for the first time, and litecoin above $100, but both have since fallen below those marks as well.
The currency has led some on Wall Street to call its rise a bubble, as it is up more than 858% this year, and was up more than $2,000 since the Thanksgiving holiday. Read » | | | |
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