Bitcoin Price Drops Below USD 9,000 Again; Altcoins Follow

Though Bitcoin (BTC) started this Friday with a smaller drop in its price, in a sudden move in the afternoon hours (UTC time), bitcoin price dropped by 2.4% in less than two hours - which was enough to push it below USD 9,000. Additionally, altcoins turned red. While BTC was trading sideways for the majority of the time in the last 24 hours, it started its descent in the early hours on November 8th. At the time of writing (15:00 UTC), bitcoin trades at c. USD 8,820. It is down by 5.03% in the past 24 hours and by 4.14% in the past week. It seems to be continuing the drop. Bitcoin price chart: Source: Other coins from the top 10 list by market capitalization crashed between 2% and 8% in the last 24 hours and between 0.5% and 2.5% in the past hour. Also, majority of the coins...