Bitcoin prices slump to two-week low on technical trading

London: Bitcoin extended losses on Thursday after suffering its worst day for a month on Wednesday, with traders citing factors ranging from technical trading to jitters in traditional markets washing into cryptocurrency trading. The biggest cryptocurrency fell 5.5% after slumping 7.7% a day earlier, when it dropped under $10,000 for the first time since August 1 and posted its biggest fall since July 16.

It was last down 1.7% at $9,859.

Traders said it was difficult to pinpoint the catalyst that triggered the losses.