Why Did Bitcoin Price Drop Below $9,000?

Bitcoin price (BTC) fell 5% today to a new weekly low at $8,660, a point which is also below the 200-day moving average, which has been acting as support since reclaiming it in the final week of October. Almost all other crypto-assets have also suffered a valuation loss against the U.S. dollar. Still, there has been some resilience shown in both Ether (ETH) and EOS, which have continued to outperform Bitcoin over the last week.

Source: https://cointelegraph.com/news/why-did-bitcoin-price-drop-below-9-000-a-pivotal-weekend-ahead

Sign In or Register to comment.