RATE Group | Bitcoin drops below $8,000 in continued market selloff
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Bitcoin drops below $8,000 in continued market selloff

27 Sep Bitcoin drops below $8,000 in continued market selloff

Posted at 03:35h in Bitcoin News by

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Just when you thought it couldn’t get much worse for Bitcoin hodlers, the price of BTC has continued to slide downwards. The price of Bitcoin today dropped below $8,000, touching the $7,800 mark, according to data from Messari.

The drop occurred during the late morning hours. Bitcoin originally started the day trading at around $8,167 per coin, but then fell by more than $200 in under an hour. This is the lowest Bitcoin’s price has dropped since early June.

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And it’s been a dark week for Bitcoin in general. The cryptocurrency, which started things off this week trading at just over $10,000, has now fallen by more than $2,000 over the course of a few days. And there’s a chance the slide isn’t stopping any time soon. 

Things are so bad, some traders, analysis and hodlers are crying foul. 

Speaking with Forbes, Bendik Norheim Schei of Arcane Research said that certain kinds of bitcoin futures contracts, particularly…

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