03:18 GMT19 January 2021
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    Bitcoin is trading at under $30,000, having lost more than 15 percent of its value, trading data at Coindesk showed at 10:34 GMT.

    At 10:14 GMT the cryptocurrency traded at $29,566.35 and continued to extend losses.

    A souvenir coin of the bitcoin
    © Sputnik / Vladimir Astapkovich

    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.

    cryptocurrency, bitcoin
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