Bitcoin
$40,998.96-3.61%
Ethereum
$2,795.77-4.58%
XRP
$0.885935-2.77%
Cardano
$2.01-1.42%
Polkadot
$26.97-3.85%
Stellar
$0.266110-4.39%
Dogecoin
$0.203248-1.46%
Chainlink
$21.62-6.55%
Uniswap
$19.45-6.19%
Polygon
$1.07-5.51%
Litecoin
$148.57-4.40%
Bitcoin Cash
$507.87-5.55%
Wrapped Bitcoin
$41,203.13-4.04%
Cosmos
$31.37-5.73%
Algorand
$1.59-3.18%
Filecoin
$70.53-3.73%
The Graph
$0.672813-3.04%
Tron
$0.089027-1.95%
Ethereum Classic
$45.87-5.03%
Aave
$275.19-5.12%
Tezos
$4.73-7.48%
Monero
$219.67-4.82%
NEO
$37.98-7.80%
EOS
$3.92-5.07%
IOTA
$1.24-3.68%
BitTorrent
$0.003176-4.30%
Bitcoin SV
$139.22+4.07%
Maker
$2,329.53-3.76%
Waves
$22.74-0.58%
Dash
$159.30-5.69%
Decred
$107.74-12.67%
Decentraland
$0.625074-7.17%
ICON
$1.48-8.66%
Zcash
$112.03-4.70%
NEM
$0.143742-5.77%
OmiseGO
$8.80-12.17%
Paxos Standard
$1.01+0.67%
Yearn Finance
$27,733.95-5.77%
NuCypher
$0.260249-5.25%
Qtum
$9.42-8.20%
Bitcoin Gold
$51.10-6.83%
Basic Attention Token
$0.607831-5.50%
0x
$0.854332-5.76%
Bancor
$3.33-5.47%
Ren
$0.727965-2.25%
Band Protocol
$7.09-6.01%
Siacoin
$0.014492-4.74%
Fetch.ai
$0.611627-10.58%
Kava.io
$4.73-6.48%
Nano
$4.42-6.90%
Loopring
$0.380403-4.72%
Storj
$1.05-7.63%
Numeraire
$38.20-2.14%
Lisk
$2.79-5.45%
Civic
$0.388326-6.86%
Orchid
$0.322035-3.71%
PAX Gold
$1,782.85+0.36%
Enzyme
$163.54+60.50%
Augur
$20.01-7.39%
Aragon
$4.57-6.89%
district0x
$0.143039-6.76%
Kyber Network
$1.40-5.58%
SingularDTV
$0.001343-3.40%
Tether
$1.00+0.02%
USD Coin
$1.00+0.00%
Dai
$1.00-0.00%

Bitcoin Price Sheds $500 Over Day, Drops Below $8,000

Support at $7,900 lasted about one-half-hour before the price went southward once more, sitting at $7,800 as of writing.

Sep 26, 2019 at 4:58 p.m. UTC
Updated Sep 13, 2021 at 11:29 a.m. UTC

Bitcoin bears continue to be firmly in control as the first cryptocurrency's price tumbled below $8,000 per coin for the second time this week.

Beginning at 15:50 UTC, the Bitcoin Price Index capitulated at $8,095, shedding near $200 within a few minutes.

Support at $7,900 lasted about one-half-hour before another downward price action sent the BPI around $7,800 as of 16:40 UTC.

Bitcoin began the day trading hands at just under $8,390.

Other notable alternative cryptocurrencies ether (ETH), litecoin (LTC), and XRP followed bitcoin’s lead as well, dropping between 5 and 9 percent according to data provider Messari.

Disclosure: This author holds bitcoin at the time of writing.

Market drop image via Shutterstock

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...