Bloody Weekend: Bitcoin Price Tumbles Below $9K – Recording $1000 Loss In 5-Days

Aside from a quick glitch on June 15, the last time the price of Bitcoin was trading below the $9000 mark was exactly a month ago, on May 27, 2020. Unfortunately to the Bitcoin bulls, the primary cryptocurrency is recently following the markets, despite the fact that as it seemed yesterday, Bitcoin nicely held the $9000 – $9200 price area, today was a different story.

While Bitcoin sees a daily 3% price drop, according to CoinGecko, major altcoins bleed even more. Of the top 20 altcoins, Bitcoin SV is suffering from the highest drop with over 15% loss over the past 24 hours to $145.

Timeline of Bitcoin, Bitcoin-sv