Bitcoin (BTC) Price Drops Down to $7,730 in Another Crash


The leading cryptocurrency today crashed yet again and went under $8,000.

Yesterday, BTC price jumped to about $8,650 but today plunged to $7,7330 on Bitstamp. With 24 hours loss of more than 6%, Bitcoin is currently trading around $7,800.

The last time BTC was at this level was in early June.

Trading volume meanwhile, has come down from over $2 billion to just above $1 billion, as per Messari.

Source: TradingView

Crypto fear and greed index, meanwhile, has dropped down to extreme fear, recording a reading of 12. The index is constantly sliding to a new low, from 41 last week to 15 point yesterday and even lower today.

The index shows a value of 0 to 100 with 0 meaning “Extreme Fear” and other extreme is defined as “Extreme Greed.”

“Extreme Fear can be justified as there is still significant downside risk. We will likely see a coordinated attempt to Buy Blood across multiple TFs.”

said CT trader that goes by Mr. Anderson.

“If these TF's get overextended w/o making up much ground. (M30, h1, h2) Pros will flip & more PAIN will come,”

he added.

As BTC drops, altcoins drop harder.

EOS and Bitcoin Cash are the biggest losers with more than 6.50 percent losses. Still, a few coins in the green are Stellar and LEO by 1.97% and 0.21%, as per Coincodex.

Source: Coin360

Total market cap has fallen to $209 billion, which was trading at $272 billion just last week. BTC dominance, meanwhile, is saying above 70% at 70.70%, all thanks to the deeper loss altcoins are recording.

Bitcoin (BTC) Live Price

1 BTC/USD =$47,896.5747 change ~ -1.51%

Coin Market Cap

$892.93 Billion

24 Hour Volume

$14.78 Billion

24 Hour VWAP

$48.95 K

24 Hour Change

$-721.58

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide