Bitcoin (BTC) struggled as the U.S. trading day began in the wake of Tuesday’s broad plunge across cryptocurrencies, as several alternative coins staged a decent recovery, Yahoo Finance reported.
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The most traded digital asset fell 2.2% to $8,395, slowing down after an intraday drop of 17% - the biggest since January 2018, according to Bloomberg composite pricing.
Bitcoin had not traded below $9,000 since June.
The wider Bloomberg Galaxy Crypto Index slipped 1.1%, as rivals Ether (ETH) and EOS spared out modest gains.
EOS, whose 28% plunge was the worst yesterday, advanced 3.8%.
The move on Tuesday also meant Bitcoin closed below its 100-day moving average for the first time since March.
Through April, May and June, the coin increased fiercely to as high as $13,852.
It had been hovering around the $10,000 level in recent weeks.