Bitcoin Drops Below $8K as Crypto Market Recovery Falters

Bitcoin Drops Below $8K as Crypto Market Recovery Falters

As cryptocurrencies across the board once again take a downturn, bitcoin is exploring the downside below $8,000. The sharp recovery in prices on CoinDesk’s Bitcoin Price Index (BPI) from the Friday’s low of $7,695 ran into offers at a high of $9,471.46 at 21:59 UTC on Saturday. In the subsequent hours, the bears pushed the cryptocurrency back to $8,000. Bitcoin dropped further to a low of $7,876.69 at 02:30 UTC today and was last seen at $7,995. The world’s largest cryptocurrency by market capitalization has depreciated by 12 percent in the last 24 hours, according to data source CoinMarketCap […]

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