8/15, 3:32 PM (Source: TeleTrader)
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Bitcoin slides below $10,000 mark first time this month

Price of Bitcoin on Thursday slid below the psychological $10,000 mark for the first time since the beginning of August, amid rising economic uncertainties but better-than-expected economic data from the United States. Yesterday, the global markets were in turmoil after the spread between the rates yields on the sovereign debt and its price briefly turned negative for the first time in 12 years. Earlier today, the stock markets in the US were swinging below the flatline, but are set to open the session in the green.

The most popular crypto coin erased almost all of the last two-weeks gains, induced at least in part by the recent devaluation of China's yuan. Earlier, the media reported that some of the largest economies in Europe, Asia, and North America are preparing a personal data sharing program tasked with controlling and overseeing cryptocurrency transactions.

World's largest cryptocurrency by market capitalization decreased by 0.49% at 3:32 pm CET, to change hands for $9,979.80.

Breaking the News / MA