Bitcoin tanks as cryptocurrencies join in global market bloodbath By Business Insider

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Bitcoin tanks as cryptocurrencies join in global market bloodbath

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Cryptocurrencies across the board are nursing big losses on Thursday as the global market sell-off hitting traditional assets spreads.
All major crypto assets are down on Thursday, with the likes of ethereum and bitcoin cash losing more than 10% of their value.
Bitcoin plunged more than 7% overnight, but has now recovered a little, and is trading down roughly 5%.
You can follow all the latest cryptocurrency prices at Markets Insider.

Cryptocurrencies across the board are nursing big losses on Thursday as the global market sell-off hitting traditional assets spreads.

Bitcoin, the benchmark cryptocurrency, dropped suddenly and sharply in Asian trading overnight, losing as much as 7%, before rebounding a little.

It is now holding at a loss of around 5% on the day, trading at $6,266 per coin.

While bitcoin has led the way lower on Thursday, other major cryptocurrencies including Ether, Ripple, and bitcoin cash have witnessed even larger falls. Here's the scoreboard:

Previously, bitcoin and other cryptocurrencies tended to rally during periods of poor performance for traditional assets like stocks, reflecting their status as something of a haven. However, in recent months that has flipped, with cryptocurrencies tending to follow traditional stock markets in their moves.

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S&P 500 Futures	2,777.62	+34.12	+1.24%
S&P 500	2,775.60	+29.87	+1.09%
Nasdaq 100	7,055.18	+32.76	+0.47%
Dow 30	25,883.25	+443.86	+1.74%
SmallCap 2000	1,570.04	+21.35	+1.38%
S&P 500 VIX	14.91	-1.31	-8.08%
FTSE 100	7,236.68	+39.67	+0.55%
DAX	11,299.80	+210.01	+1.89%

Crude Oil WTI	55.81	+1.40	+2.57%
Brent Oil	66.31	+1.74	+2.69%
Natural Gas	2.634	+0.061	+2.37%
Gold	1,324.75	+10.85	+0.83%
Silver	15.755	+0.227	+1.46%
Copper	2.816	+0.042	+1.51%
US Soybeans	907.62	+3.62	+0.40%
US Wheat	503.38	-3.62	-0.71%

SPDR S&P 500	277.37	+2.99	+1.09%
VelocityShares Daily 2x VIX Short Term linked to S	33.58	-2.06	-5.78%
Invesco QQQ Trust Series 1	171.94	+0.72	+0.42%
Direxion Daily Junior Gold Miners Bull 3X Shares	11.48	+0.64	+5.90%
VelocityShares 3x Inverse Natural Gas linked to S&	111.91	-5.86	-4.98%
ProShares Ultra VIX Short-Term Futures	46.4900	-2.3700	-4.85%
ProShares UltraPro QQQ	50.03	+0.59	+1.19%
VanEck Vectors Gold Miners	22.4300	+0.2900	+1.31%

BTC/USD	3,677.7	+12.0	+0.33%
ETH/USD	124.17	+0.76	+0.62%
BCH/USD	121.29	-0.30	-0.25%
XRP/USD	0.30065	-0.00308	-1.01%
EOS/USD	2.8352	+0.0116	+0.41%
LTC/USD	42.150	+0.740	+1.79%
ADA/USD	0.041577	+0.000209	+0.51%
XLM/USD	0.07894	+0.00263	+3.44%

Bitcoin tanks as cryptocurrencies join in global market bloodbath

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