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CryptoWatch: Bitcoin slips below $11,000 as cryptocurrencies continue to feel pressure

Bitcoin prices retreated Monday, dipping below $11,000, as the cryptocurrency and its rivals saw an extension of the pressure that’s marked the early weeks of 2018.

A single bitcoin BTCUSD, +3.66% fetched about $10,237, down about 10%, after the virtual unit topped $13,000 on Saturday before pulling back, according to research and data site CoinDesk.com.

In the futures market, the February contract XBTG8, +3.48% on Cboe Global Markets Inc. CBOE, +0.51% was up 0.2% to $10,240, while January futures BTCF8, -9.73% on the CME Group Inc. CME, +0.76% were down 9.5% to $10,280.

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