Bitcoin rate fell below $ 10,000

The morning of July 2 was not very successful for the first cryptocurrency – sales continued, support levels did not hold, and the price of bitcoin dropped below $ 10,000.

Over the past day, the Bitcoin rate has dropped by 10.5% and is now at around $ 9,850. At that, only a week ago, the first cryptocurrency grew inexorably and almost reached $ 14,000.

“The level of $ 9,715 will be a 30% bitcoin correction”, – noted cryptocurrency trader Josh Reiger (Josh Rager).

At the same time, he believes that the four-digit price of Bitcoin is a “gift” – despite the correction, the long-term outlook remains “bullish” and a temporary depreciation makes it possible to buy bitcoins.

Note that, according to the data of the CoinMarketCap service, after the first cryptocurrency, the rest of the altcoins rushed down. Among the 30 largest cryptocurrency capitalization none showed growth over the past 24 hours. Bitcoin dominance remains high at 60.2%. At the same time, market capitalization decreased to $ 291.5 billion, and Bitcoin capitalization – to $ 175 billion.

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Previously, analysts have identified several reasons for the bitcoin take-off, including the reduction of the refinancing rate by the US Central Bank. Also, one of the main reasons was called the trade war between the United States and China, but over the past week, relations between the two countries have somewhat improved.