Bitcoin Price Falls to 10-Day Low, Threatening $200 Mark

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term's (BTC/USD) price continued last week's downtrend through this weekend, dropping to a new 10-day low of $208 on BTC-e 3 hour ago.

The new low may be a sign of rough times ahead when volume picks up after the weekend. BTC had been fighting off the $210 near-term support level, but the recent break may now set off a fresh round of selling.

BTC had plunged by over 10% to close to $210 late last week, and managed to barely retrace roughly half its losses thereafter. During the past 24 hours, selling resumed and it gave back another 7%.

Trading volumes have been lower than average, as typical for weekends, the exception being the break to new lows 3 hours ago when volume approached 1,500 BTC/hour.

Litecoin fell to $1.65, a one-week low, outpacing BTC's losses for the day. The LTC/BTC rate, which has been relatively steady around 0.008 of late, lost 10%.

Prices on BTC-e are $3 (1.4%) off those on its peers, an average offset.