Bitcoin recently experienced a loss of 5.32% in the last 24 hours, now standing at $9,587.46 from its high of over $10,000.
The sudden downward spike appears to be the cause of a sudden sell-off period. With the sudden drop, BTC lost most of its gain that occurred within the month.
The drop has also spread to other altcoin currencies, with Ethereum losing 7.84% and XRP suffering a 7.88% loss.