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Bitcoin plunges below $8,000 after fall of 55% from 2018 peak
Its lowest point of $7,695 represented a fall of 15 per cent from its price at midnight GMT of $9,050 and was 55 per cent below its 2018 peak of $17,135 hit on 6 January.
a market analyst with ETX Capital, said it would be relatively easy to see Bitcoin’s value rise from current levels back to $9,000, but it could sit at a lower value of $7,800 or see a major sell off.
It has suffered a week of heavy losses after US regulators closed in on rival coin
The cryptocurrency could see further huge losses if it does not recover quickly .
bitcoin is the money of the future ... but its usage is prohibited not yet recognized by the government for its use
I think it will very soon
With everything going on in the new year, I only expect to see Bitcoin go even lower. Bitcoin will surely bounce back though, as history tends to repeat itself.
Exactly, i think it go lower than this then bounce back.