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Bitcoin Below $8,000 – Price Sheds $700 in Two Hours

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Bitcoin has once again fallen beneath $8,000 amid a sharp sell-off that saw prices drop to as low as $7,980 according to Coindesk data.

At 23:00 UTC late Monday evening, the world’s largest cryptocurrency by market cap began to fall sharply, enduring over a $700 loss in value on the back of strong volume validating the downward move.

For several days now BTC has failed to rise above and firmly closeout $8,800 leading to a retest of prior supports as it struggled to pick up a bid.

Down 8.26 percent, bitcoin is struggling find a footing just beneath the ...

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