At this point, there doesn’t need to be a reason for Bitcoin (available on Coinbase) price to drop suddenly. The market is so volatile by nature it is almost pointless to look for why. So, in true fashion, yesterday’s sudden sell-off confirms just that.

There was no major market news reported, and despite this, Bitcoin (available on Coinbase) price dropped 10% in a 24-hour period. Go figure.

The drop ended what was a (relatively) steady month for the coin.

Bitcoin (available on Coinbase) Price Drop

Of course, where Bitcoin (available on Coinbase) goes, others tend to follow, and so the entire market entered another period of sell-offs yesterday. Until this point, you could almost believe that the market would recover from December 2017’s mighty crash.

At the time of writing, Bitcoin (available on Coinbase) price is valued at $3,693.

Crypto Market

The Bitcoin (available on Coinbase) price decline was bad, but it wasn’t the worst. Other aLTCoins fared worst yesterday. Some of the day’s biggest losers included Ethereum (available on Coinbase) (ETH), which traded down 15.4% selling for $126.31. Ripple (available on Binance) (XRP) was also down 11.1% selling for $0.33. Litecoin (available on Coinbase) (LTC) was down 14.9% at $32.99, and Bitcoin (available on Coinbase) Cash (BCH) was down 16.8%, selling for $131.92.

According to CoinMarketCap, the entire cryptocurrency market value was down 10.6% in the 24-hour period, standing at $122.7 billion.