Following Wednesday\'s reported nosedives in the market value of cryptocurrency, such as Ripple, Zcash and Bitcoin, Bitcoin\'s market value has now plummeted to $10,000, according to latest figures that have been sourced by CoinDesk data, which charts the rise and fall of the market values of every well-known cryptocurrency currently available. Bitcoin\'s present market value figure has not dipped this low since November.

The most popular cryptocurrency on the market dropped has dropped a sizeable 12% in the last 24 hours, following on from large drops in its, and other popular cryptocurrency\'s, market values from the previous day. The new lows were recorded at approximately 6:50am on Wednesday.

Bitcoin\'s latest drop in market value follows its best ever month last month, in which the coin reached a market value of $19,343. Based on this figure, Bitcoin has now decreased in market value by 48%. That represents a massive $36 billion over the last 24 hours. Bitcoin\'s huge price loss has also followed losses for Ethereum and Ripple, with Ripple falling by 24% and Ethereum plunging by over 20%. However, some commentators have noted that people shouldn\'t panic about current falls in value, with many predicting values to rise over the coming year.