With all eyes on Libra, Bitcoin drops deep below $10,000

During the first day of Facebook's congressional hearing on Libra, the topic was largely Facebook itself, with cryptocurrencies and blockchain being a distant second. 

And yet, most popular cryptocurrencies have been losing value as if the U.S. Senators have somehow been grilling them and not Facebook's David Marcus, who's about to spend some more unpleasant time at Congress today. 

Bitcoin dived sharply below $10,000 on Tuesday, reaching a low of $9,214 on cryptocurrency exchange Binance. Other coins followed suit: Ethereum, XRP, Bitcoin Cash and Litecoin have all dived to monthly lows, bringing the total market cap of all cryptocurrencies to less than $250 billion.  Read more...