Bitcoin Price Drops Under $10,000 As Downtrend Continues
Monday, July 1 — Bitcoin (BTC) lost its grip on the $11,000 price mark earlier today to sink below $10,000 at press time. The leading cryptocurrency has pulled other top-20 coins down, with none of them reporting gains, according to data from Coin360.
As Cointelegraph reported earlier, market analysts were expecting a 40% correction from the recent highs of around $13,900. The current price of bitcoin means that this target is now nearly reached.