The leading cryptocurrency- Bitcoin which kicked-off at $3,000 in 2019, had gone up to $12,000 by the end of June and dropped to the $8,000 mark in recent weeks. Many investors who had claimed that BTC would soar towards $20,000 felt disheartened as a result of this bear-run.
However, all hope is not lost; optimistic analysts have been proven wrong. The king coin is traded for $7,967 on the Bitstamp exchange today; the reason attributed to the sharp decline is unknown; within minutes the value dipped by $200.
The Bitcoin, which tested its resistance point at $8,500 a few days ago, unfortunately, crashed below the support level and has continued dropping in a periodic fashion.
About Post Author
Abigale Lormen
Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at Our Bitcoin News.
See author's posts