Bitcoin retreats to its lowest level in two weeks

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LONDON (Reuters)

He continued to record losses after experiencing the worst daily performance in a month on Wednesday as traders pointed to several factors.
The main cryptocurrencies fell 5.5% early in the session, after falling 7.7% yesterday. They fell below the $ 10,000 mark for the first time since August 1, the largest decline since July 16.
Bitcoin was traded for the last time at $ 1.759, or 1.7% less Traders say it's hard to say what caused the losses.
Some talk about a technical triggered sell-off near the $ 10,000 level, which is widely watched.
Others argue that recent global stock market worries about fears of recession have shifted to cryptocurrencies, although the exact way in which cryptocurrencies are tied to stock markets is controversial.
Last week, Bitcoin rose due to falling stocks, which prompted some enthusiasts to claim that they were acting as a safe haven, in the manner of gold or the Japanese yen. But market participants said the gains reflected their ability to make quick wins more than a safe haven.
Other major cryptocurrencies have also declined, including Ethereum and Ripple, which are generally strongly tied to Bitcoin.