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Bitcoin (BTC) has dropped suddenly this morning, as the cryptocurrency slumped in price by nearly $400 in under 90 minutes - according to data from CryptoCompare:
minute_CryptoCompare_Index_BTC_USD_289_51536147386955.png
Dropping from a price of nearly $7,390 at 9:35 UTC this morning, BTC dropped to a price of $6,993 - a drop of over 5% - before making a slight recovery to edge over the $7,000 mark once again, before dropping again to $6,983 at the time of writing.
The first time bitcoin has dropped below the significant $7,000 mark since August 31st, it is unclear precisely what has driven this sudden slump - although several possibilities might explain the drop.
What’s Driving the Slide? Volatility, Mini-Bull Run, Liquidations, CNBC 'Counter-Trade'
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