Bitcoin Price Fails to Hold Recovery Signs to Drop Below $7.9K

Story by: Helen Partz

Thursday, Sept. 26 — Bitcoin (BTC) has dipped below $7,800 after the coin touched its four-month lows on Sept. 24.

Market visualization. Source: Coin360

Bitcoin entered rough volatility this week after the largest cryptocurrency crashed $1,500 in 24 hours on Tuesday to touch the $8,000 threshold. After seeing signs of recovery earlier today, Bitcoin has seen another sharp sell-off, from an intraday high of around $8,600 to as low as $7,830 at press time, according to Coin360.

Bitcoin is down 5.3% over the past 24 hours at press time, seeing a massive drop of more than 21% over the past 7 days.

Bitcoin 24-hour price chart. Source: Coin360

Total market capitalization continues to indicate new multi-month lows crypto markets, down from $218 billion at the beginning of the day to $209 billion at press time.

Original story: https://cointelegraph.com/news/bitcoin-price-fails-to-hold-recovery-signs-to-drop-below-79k

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