RATE Group | Bitcoin Dips Below $8,000 Amid Market-Wide Losses
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Bitcoin Dips Below $8,000 Amid Market-Wide Losses

31 Jul Bitcoin Dips Below $8,000 Amid Market-Wide Losses

Posted at 14:01h in Bitcoin News by

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July 31: Crypto assets are posting market-wide losses on the day, with Bitcoin (BTC) dipping back below the $8,000 psychological price point and virtually all coins in the red, according to data from Coin360.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) is trading around $7,857 to press time, down around 3 percent on the day. Since its July 25 peak at $8,431, the leading cryptocurrency has been testing support at $8,200 over the past few days, dipping down below $8,000 today for the third time this week.

Bitcoin’s 7-day price chart

Bitcoin’s 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Bitcoin’s weekly price performance is now in the red, down around 4 percent, but monthly growth remains around a bullish 22 percent.

Ethereum (ETH) is trading around $432 at press time, down around 5.7 percent on the day. The altcoin has taken a steep hit, losing over $40 in value since early trading hours, $14 of which it lost within the 90 minutes before press time. Ethereum’s weekly and monthly…

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