"Bitcoin" down to the lowest level in two weeks

He continued to record losses yesterday after posting Wednesday's worst daily performance on Wednesday, with traders pointing out factors ranging from technical-based trading to traditional market concerns affecting cryptocurrency trades.

The largest cryptocurrencies fell 5.5% early in the session, after falling 7.7% the day before. They fell below the $ 10,000 level for the first time since August 1st, the largest decline since July 16th.

The last bitcoin was traded at 1.759%, a decline of 1.7% Traders say it's hard to say what caused the losses. Some suggest selling technical factors near the $ 10,000 level, which is widely watched.

Others argue that the concern over the recent downturn in global stock markets due to fears of a recession has shifted to cryptocurrencies, although the exact nature of the correlation of digital money with stock markets remains controversial.

Last week, Bitcoin rose as stocks fell, prompting some enthusiasts to claim that they were evolving as a haven of peace similar to the Japanese gold or yen, but the market players have stated that earnings reflected their ability to make faster gains than any safe haven.