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	2,818.50	+0.75	+0.03%
Nasdaq Futures	7,348.50	-5.25	-0.07%
Dow 30	25,798.42	+547.87	+2.17%
Nasdaq	7,645.49	+214.75	+2.89%
SmallCap 2000	1,595.60	+42.51	+2.74%
S&P 500 VIX	17.62	0.00	0.00%
DAX	11,776.55	+162.39	+1.40%
US Dollar Index	94.90	+0.12	+0.13%

Gold	1,226.30	-4.70	-0.38%
Silver	14.665	-0.036	-0.24%
Copper	2.775	-0.009	-0.32%
Crude Oil WTI	72.06	+0.14	+0.19%
Brent Oil	81.59	+0.18	+0.22%
Natural Gas	3.264	+0.011	+0.34%
US Soybeans	884.00	+0.25	+0.03%
US Wheat	521.75	-1.50	-0.29%

SPDR S&P 500	280.40	+6.00	+2.19%
VelocityShares Daily 2x VIX Short Term linked to S	36.26	-5.92	-14.04%
Invesco QQQ Trust Series 1	177.22	+5.01	+2.91%
Direxion Daily Junior Gold Miners Bull 3X Shares	9.35	-0.03	-0.32%
VelocityShares 3x Inverse Natural Gas linked to S&	14.22	+0.14	+0.99%
ProShares Ultra VIX Short-Term Futures	47.8700	-5.5700	-10.42%
ProShares UltraPro QQQ	60.65	+4.81	+8.61%
VanEck Vectors Gold Miners	19.9900	-0.0700	-0.35%

BTC/USD	6,761.8	-107.3	-1.56%
ETH/USD	214.69	-2.81	-1.29%
BCH/USD	467.41	-12.98	-2.70%
IOT/USD	0.51201	-0.00726	-1.40%
LTC/USD	52.650	-1.050	-1.96%
XRP/USD	0.48755	+0.01435	+3.03%
BTC/EUR	5,599.0	+12.5	+0.22%
DASH/USD	166.82	-3.18	-1.87%

Bitcoin tanks as cryptocurrencies join in global market bloodbath

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