Bitcoin drops 9%, back below $8,000
Bitcoin extended a two-week sell off Wednesday, falling below $8,000 to its lowest level since mid-April.
According to CNBC report, the digital currency dropped 8.7 percent to a low of $7,512.43 as of 12:30 p.m. ET.
All other major cryptocurrencies were also in the red despite bullish calls that prices would skyrocket after a week of major blockchain events in New York City.
Analysts at Fundstrat predicted bitcoin would rally as much as 69 percent as a result of "Blockchain Week," yet the cryptocurrency has fallen about 13 percent since those conferences kicked off.
Some pundits pointed to regulatory news as the key driver of this week's sell-off.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
Newsfeed
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