CryptoWatch: Bitcoin off 4%; Charity turns to crypto mining to raise money

Cryptocurrency prices are lower Tuesday, with all major digital currencies in the red.

A single bitcoin BTCUSD, +0.47% was last exchanged at $8,953.57, down 3.6% since Monday’s levels at 5 p.m. Eastern Time on the Kraken exchange.

The virtual currency’s inability to push through overhead resistance and the psychologically important $10,000 level suggests it could be in for a minor correction, analysts said.

“We have seen an inability to surpass recent peaks,” said Craig Erlam, senior market analyst at OANDA. “While things are generally positive, my inclination is there’s more chance of a reversal than a surge to the topside.

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