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The Bitcoin price (BTC/USD) has dropped below the key level of $10,000 amid a downtrend observed across the wider digital currency market.

The original cryptocurrency experienced some disappointing trading over the weekend, as its price pulled back towards the psychological level of $10,000. Having opened the Saturday session at $10,183.65, the digital coin barely managed to hold above $10,000, as it finished the day at $10,019.72. The Sunday morning session saw BTC dropping to a three-day low of $9,922.53, but the coin managed to bounce back and retake the $10,000 level in subsequent trading. The coin closed the session at $10,070.39, slightly higher than its opening price of $10,024.12.

However, yesterday’s rebound provided only a temporary respite for Bitcoin, which has seen another notable drop in today’s trading. The No. 1 digital coin has been moving on mostly downward trajectory since the start of today’s trading, which resulted in its price falling to as low as $9,925.50 earlier in the session. At the time of writing, the Bitcoin price was hovering around the $9,070 mark, according to data from digital currency tracker Coinmarketcap.

Most major digital coins have also seen declines over the past 24 hours. Stellar Lumens (XLM) and Binance Coin (BNB) have been the biggest losers in the top crypto 10, having lost 3.6% and 3.3% of their respective values over that period. XRP, EOS and Bitcoin SV (BSV) have also seen notable price drops, while Litecoin (LTC) is currently the only top 10 cryptocurrency bucking the trend.

In today’s trading, the Bitcoin price stood at $9,089.48, as of 10:09 BST. The digital coin has lost 0.5% in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $179.3 billion, which represents 68.1% of the combined value of all digital currencies.

Featured image: Jaruwan Jaiyangyuen/Shutterstock.com

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