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	2,556.00	+18.00	+0.71%
S&P 500	2,552.38	+6.22	+0.24%
Nasdaq 100	6,513.50	+21.98	+0.34%
Dow 30	23,739.56	+63.92	+0.27%
SmallCap 2000	1,380.51	-0.39	-0.03%
S&P 500 VIX	25.80	+0.22	+0.86%
FTSE 100	6,750.00	+48.41	+0.72%
DAX	10,795.48	+54.59	+0.51%

Crude Oil WTI	47.36	+0.76	+1.63%
Brent Oil	56.98	+0.72	+1.28%
Natural Gas	3.595	-0.243	-6.33%
Gold	1,258.10	+4.50	+0.36%
Silver	14.855	+0.154	+1.05%
Copper	2.690	+0.025	+0.96%
US Soybeans	902.75	-5.25	-0.58%
US Wheat	526.38	-5.62	-1.06%

SPDR S&P 500	256.00	+0.93	+0.36%
VelocityShares Daily 2x VIX Short Term linked to S	58.02	-1.78	-2.98%
Invesco QQQ Trust Series 1	159.12	+0.70	+0.44%
Direxion Daily Junior Gold Miners Bull 3X Shares	9.12	+0.53	+6.17%
VelocityShares 3x Inverse Natural Gas linked to S&	84.65	+11.47	+15.67%
ProShares Ultra VIX Short-Term Futures	69.9500	-1.7600	-2.45%
ProShares UltraPro QQQ	41.30	+0.50	+1.23%
VanEck Vectors Gold Miners	21.3000	+0.2100	+1.00%

BTC/USD	3,933.6	+264.6	+7.21%
ETH/USD	107.97	+9.49	+9.64%
BCH/USD	119.34	+30.72	+34.66%
XRP/USD	0.38000	+0.04149	+12.26%
EOS/USD	2.7369	+0.0067	+0.25%
LTC/USD	30.550	+1.400	+4.80%
ADA/USD	0.037665	+0.003549	+10.40%
XLM/USD	0.11923	+0.00945	+8.61%

Bitcoin tanks as cryptocurrencies join in global market bloodbath

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