Decline in price of major cryptocurrency was expected after three consecutive bitcoin sell occurred on July 29, causing lack of volume. Over the past 24 hrs, 7.5 percent drop recorded in bitcoin price from $8150 to $7500, causing $30 billion lost in crypto market. Don’t worry, it will go up again. It is a nature of crypto market.
“If BTC fails to maintain its volume and falls below the $8,100 mark, it is possible for BTC to test a major support level at $8,000 and eye a drop below the $8,000 mark. If BTC finds stability in the lower end of the $8,000 region, a short-term bottom will likely be found at $8,000, with expected recovery to $8,500.”