Bitcoin hovers around $10k after a major slide

Cryptocurrencies saw a major rally this spring and a real rollercoaster over the first couple of days of the summer, with Bitcoin surging to as high as $13866 in late June (more than $10000 above lows from December 2018) and then sliding to a local low of $9650 today. Bitcoin is still more than 150% up YTD and is currently defending a gap area around $10000 barrier with the next key level at $8750.