Bitcoin falls to a low of $11,107 on the GDAX exchange
Buyer have been clinging on to the 100 and 200-hour MAs for the past few hours but it looks like things are starting to give way now.
The drop also coincides with fall in other cryptocurrencies as well, as Ethereum and Ripple have both fallen to near the day's lows as well.
There was news earlier that Japan's Financial Services Agency regarding the Coincheck incident, and latest is that they are yet to confirm if Coincheck has enough funds to reimburse its users as they claim last week.
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