Bitcoin's price is back below $8,000, a move that comes amid a broader decline in the global cryptocurrency market.
Though it is not good news for investors who have already bought bitcoin at the high prices, but it is good time for new crypto investors to enter in the market. There is no doubt that the price of bitcoin will boom again, so new investors can purchase some bitcoins.
Bitcoin price is now trading at $8,094 which went down below $8000 dollar today. A large fall down is seen in the crypto market worldwide. Bitcoin price had slumped down more than $500 from $8500 to 7,876.68 by 17:30 UTC. However after the market was opened bitcoin started trading at $8500. When the article was published on coindesk, bitcoin was trading at $7940.07.
In the month of March, bitcoin kept trading around $8000 level and has gone below $8000 level many times since February. A team of experts forecasted that bitcoin will trade around $8200. So there is nothing to worry.
Source: https://www.coindesk.com/bitcoin-drops-8k-wider-crypto-market-slide/