Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

Bitcoin bears proceed to be firmly in management as the primary cryptocurrency’s value tumbled beneath $8,000 per coin for the second time in two days.

Beginning at 15:50 UTC, the Bitcoin Price Index capitulated at $8,095, shedding close to $200 inside a couple of minutes.

Support at $7,900 lasted about one-half-hour earlier than one other downward value motion despatched the BPI round $7,800 as of 16:40 UTC.

Bitcoin started the day buying and selling arms at just below $8,390.

Other notable different cryptocurrencies ether (ETH), litecoin (LTC), and XRP adopted bitcoin’s lead as properly, dropping between 5 and 9 p.c in accordance with information supplier Messari.

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