The Merkle: Bitcoin Price Watch: Currency Falls to $8,300 Featured
Another drop is in the books. After falling to $8,500 yesterday from its previous mark of $8,800, bitcoin is once again stumbling down the staircase and is now trading for $8,300 – just a sliver above last week’s low of $8,250. The Coindesk Consensus Conference – which potentially gave bitcoin a boost over the last 72 hours – ends today, and it appears the hype it garnered for cryptocurrency is ending with it. No doubt, most investors are annoyed with bitcoin’s lack of strength against its newfound resistance. Many analysts now wonder if the currency will drop back down to
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