After falling to the year's lowest price( $5800 ) on June 29, Bitcoin gained some momentum and reached $6800 on July 8. But it failed to break the strong resistance of $6800 and fell hard to $6300 on July 10. The price fell because 8 Billion Dollars were flushed out of the Bitcoin market in the last 24 hours.
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The reason for fall can also be attributed to a few FUD news which came yesterday -
1. Banchor Decentralized Exchange Hacked and about 13 Million Dollars worth tokens were stolen including ETH, NPXS, and BNT.
2. MyEtherWallet Hacked Again for 5 hours which later proved to be a rumor as user's wallets were not affected but the VPN service, HOLA was attacked for the duration of 5 hours. The company reported that the attack was from a Russia based IP address.
The market is really weak at the moment and any FUD news, be it small or big, can adversely affect the Bitcoin prices, which later can bring all other altcoins down.
chart source - https://coinmarketcap.com/currencies/bitcoin/#charts
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