Bitcoin’s slide accelerates
Bitcoin broke below $8 000 for the first time in nearly a month as its recent sell-off dragged on for the seventh straight day yesterday.
“This price drop is a technical move; this is where the price was before the news of China’s support of blockchain, which is not crypto,” said Joe DiPasquale, CEO of BitBull Capital. “The Bitcoin price is returning to normal. But more downside cannot be ruled out since the drop turned sentiments negative.”