At 10:14 GMT the cryptocurrency traded at $29,566.35 and continued to extend losses.
Earlier,the world's most popular cryptocurrency traded at $30,833 on Binance, showing a slight increase from 10.4 percent of value loss minutes earlier to 9.5 percent as of 09:46 GMT.
According to CoinMarketCap, a website averaging data from across over 20 stock markets, Bitcoin lost over 9.9 percent of value, trading at $30,824.
Bitcoin accounts for approximately 69 percent of world cryptocurrency market. Launched in 2009, Bitcoin is the first cryptocurrency to use a decentralised blockchain-based network, providing encrypted transactions between users.