Bitcoin Price Drops Under $10,000 as Downtrend Continues

Monday, July 1 - Bitcoin 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.

The current price of bitcoin means that this target is now nearly reached.

Bitcoin has lost 6.50% over the past 24 hours and is trading under $9,900 at press time.

On its weekly chart, the coin has remained volatile, surging to $13,756 on June 26 and slumping to its current price as the lowest mark.

Counting 3,830 days back - to January 4, 2009, one day after the coin's Genesis Block was hashed - holdcalc's data suggests that on 3,671 of these, it was profitable to buy BTC as an investor.

On the top-20 coins list, one of the best recent performers Chainlink has registered a double-digit loss by nearly 10% to have its current price at the $3.27 mark.

Litecoin is down by 6% on the dat and is trading at around $115 at press time.

Total market capitalization of all digital currencies is now under $300 billion at around $294 billion at press time.

In traditional markets, oil surged today, with U.S. crude futures for August climbing $1.65, or 2.8% to $60.12 a barrel, according to CNBC. At the same time, financial markets were buoyed by a thawing of U.S.-China relations after the countries' leaders agreed to restart trade talks.