The price of bitcoin is down nearly 10 percent today, having slipped to close to $10,000 amid wider weakness in the cryptocurrency market, according to CoinDesk's Bitcoin Price Index (BPI).
Price data shows that, as of press time, the price of bitcoin is trading at $10,053.17, representing a decline of roughly 9.9%. The market hit a low of $10,019.78, having opened at $11,158.39. Overall, the price of bitcoin is down more than $1,00 since Tuesday's session began.
The cryptocurrency's price had been trading above $11,000 since Saturday when it briefly went below that level. After bouncing around that figure this morning, bitcoin slid below $11,000 around 9:15 UTC.
Other cryptocurrencies have taken a hit today as well.
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