News on bitcoin

Bitcoin traders wake up to further losses this morning as prices drop perilously close to $7,000 resistance, but could the market see a major correction? Here are the latest news and live updates.Good day and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

Another day of losses for the crypto market, as most digital tokens tumble below resistance.

Bitcoin lost 4.24 percent on the day, trading at $7,353.07, while Ethereum lost 4.22 percent to trade at $403.83.

Ripple dropped 1.10 percent to go for $0.437672, and Litecoin fell 3.36 percent to sell for 475.32.

Despite the losses, many experts are expecting bitcoin to rally back, with traders just waiting for a lower price to jump in on.