https://community.isc2.org/t5/Industry-News/Why-Bitcoin-Dropped-by-Over-10-Percent-Deleting-40-Billion-From/m-p/14429#M1561 <P>Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion.</P><P>&nbsp;</P><P>Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a continuous decline. Tokens bled out more intensely than they previously did in April and June, losing out 10 to 30 percent against Bitcoin.</P><P>&nbsp;</P><P><SPAN>Experts generally agree that the correction of the cryptocurrency market on Sept. 6 was caused by increasing sell pressure and a culmination of various developments, rather than a single event like the Goldman Sachs Bitcoin trading desk announcement having an immense impact on a global market.</SPAN></P><P>&nbsp;</P><P><A href="https://cointelegraph.com/news/why-bitcoin-dropped-by-over-10-percent-deleting-40-billion-from-crypto-market-experts-explain" target="_self">See more</A></P> Mon, 09 Oct 2023 08:56:12 GMT leroux 2023-10-09T08:56:12Z https://community.isc2.org/t5/Industry-News/Why-Bitcoin-Dropped-by-Over-10-Percent-Deleting-40-Billion-From/m-p/14429#M1561 <P>Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion.</P><P>&nbsp;</P><P>Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a continuous decline. Tokens bled out more intensely than they previously did in April and June, losing out 10 to 30 percent against Bitcoin.</P><P>&nbsp;</P><P><SPAN>Experts generally agree that the correction of the cryptocurrency market on Sept. 6 was caused by increasing sell pressure and a culmination of various developments, rather than a single event like the Goldman Sachs Bitcoin trading desk announcement having an immense impact on a global market.</SPAN></P><P>&nbsp;</P><P><A href="https://cointelegraph.com/news/why-bitcoin-dropped-by-over-10-percent-deleting-40-billion-from-crypto-market-experts-explain" target="_self">See more</A></P> Mon, 09 Oct 2023 08:56:12 GMT https://community.isc2.org/t5/Industry-News/Why-Bitcoin-Dropped-by-Over-10-Percent-Deleting-40-Billion-From/m-p/14429#M1561 leroux 2023-10-09T08:56:12Z