Bit­coin’s slide ac­cel­er­ates

The Citizen (KZN) - - Business -

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.”

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