The biggest cryptocurrency by market capitalization was lately buying and selling at round $26,950, down over 3% prior to now 24 hours. BTC had been hovering above $27,000 Thursday morning earlier than dropping beneath the edge round 1 p.m. ET. BTC has been trending downward for a lot of the previous week as traders search for a brand new value catalyst. Bitcoin fell beneath $27,000 on Wednesday for the primary time since March, regained the edge earlier than falling once more.