1 August 2026
The Leading Cryptocurrency ‘Bitcoin’ Price Slides Down Below $8K
The price of the bitcoin, the leading cryptocurrency in the market went back to low. Bitcoin had gained greater sell-off in the financial markets globally.
This year was the year of the bitcoin in terms of price. However, on Sunday the price cracks down after a major sell-off period. Last 24 hours, bitcoin experienced a trade value of $7,837. There was a decline in price and sell-off in the global financial markets at the same time. Using a crypto news aggregator can surely help you to make the right decisions.
Bitcoin’s price broke many key supports which included 100-day SMA. Currently, bitcoin is testing major key support at $7,500 and bulls are likely to appear. Almost by 10%, the price of bitcoin went down in just 24 hours. It is believed that bitcoin will drop more before achieving any positive momentum.
It is expected that the price of bitcoin will further slide down as the network’s computing power and mining difficulty are both going to reach a new high shortly. However, bitcoin’s price can recover it got a strong buying interest near the $7,500 area. As of now, the resistance area for bitcoin is near the $8,400 level and the 100-day SMA.
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