Bitcoin, the famous crypto currency has been reported at a 24 hour low of $9,450 when it fell to a sub $10,000 mark on both Coinbase and Bittrex exchanges at 3:33 AM Pakistan time.
This comes as no surprise since digital currencies are facing one of their worst periods yet and Bitcoin is no exception.
There have been several factors behind this sudden crash including the banning of crypto coins in many countries such as China where there has been a serious crackdown on Bitcoin miners, and impending legislation in countries like South Korea and Germany to regulate the otherwise deregulated form of exchange.
There has been reporting of more expected fluctuations in the price and market value of Bitcoin and other digital currencies since more and more venture capitalists are joining the crypto market. However, due to their elusive pump and dump schemes, the recent fall may have little affect on their fortunes.
Although Bitcoin is currently above $10,000 on both Coinbase and Bittrex, Bittrex is willing to halt trading altogether during slumps like these even though the exchange has not yet been made final.
