Crypto markets show flash red as Bitcoin Price Tumbles 10%

During thursday’s trading session the cryptocurrency erased a large portion of its recent gains as the price of bitcoin fell more than 10 percent. Bitcoin fell to $3,748 before the hour was complete after at 6:00 UTC, it had opened the trading hour at a price of $4,018. According to CoinDesk pricing data, the sell-off accelerated to a low of $3,57, after trading sideways until 16:00 UTC. CoinDesk data has revealed that, Bitcoin’s current price of $3,610 reflects more than 9 percent drop and $367 difference and from its 24-hour opening price of $3,995.