Bitcoin and other major digital currencies dropped sharply Monday morning.
Bitcoin briefly tumbled to a low near $10,050 on Coinbase Monday afternoon ET, marking a loss of about 11 percent over the last 24 hours. Bitcoin traded near $10,192 as of 4:28 p.m. on Coinbase, the leading U.S. marketplace for buying and selling major digital currencies.
Ethereum fell below the psychologically key $1,000 level again and traded about 10 percent lower near $943, according to CoinMarketCap.
Bitcoin in the last hour
Ripple, the third-largest digital currency by market capitalization, fell about 14.5 percent to $1.18, according to CoinMarketCap.