Bitcoin extends decline toward $10,000; Ethereum fails to hold $400.

On Friday, September 4, Bitcoin’s price continued to slide. At one point it traded below the psychological $10,000 level (Bitstamp).

Hourly chart BTC/USD on the Bitstamp exchange from TradingView.

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The price drop, as before, occurred amid a sharp rise in trading volumes. At the time of writing, Bitcoin is trading around $10,300.

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Along with the leading cryptocurrency, the market continued to fall. Ethereum again slipped below $400.

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Prices of DeFi tokens plunged in tandem with the broader crypto market. In the last 24 hours UMA, for example, lost almost 27%. For most major coins, losses were also in double digits.

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