Bitcoin Obliterates $4000 Support Level; Market Loses Another $18 Billion, Altcoins Reeling26.43

Within the last 24 hours, Bitcoin has once again made a dive through a historic price support after dropping 14 percent, puncturing its $4000 support-level and settling at a yearly low of $3800.

In the last ten days, BTC has taken a beating, bringing down most of the market. Having experienced its third major drop in the last 10 days, Bitcoin holders have now experienced losses of over $2600 per coin; a 24-hour loss of 12 percent, and a 10-day cumulative loss of 40 percent. Moreover, the overall market downturn reflects Bitcoin’s price.

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