Bitcoin Drops $400 in 30 Minutes As Price Volatility Returns

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Bitcoin, the world’s largest cryptocurrency by market capitalization, dropped 4.77 percent on Thursday, pushing prices well below $6,400 for the first time in weeks.

At 00:58 UTC, just after Wednesday’s close, the cryptocurrency shed $400 over the course of 30 minutes, a move that found it crossing $6,400, for a time the market’s most reliable lower-bound support, for the first time since September 12, according to CoinDesk price data.

Bitcoin was last seen trading at $6,238.

At press time, bitcoin has lost momentum, having stalled briefly at around $6,125, the lowest figure since September 19, before crossing back above $6,200.

The volatility marked an end to stable trading that had been ongoing since that date, with prices in-between caught in a

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