The price of Bitcoin falls down by $1,000 and currently, it is $7,215.79. According to the data, Bitcoin has dropped by 10.1% in the last 24 hours. Other cryptocurrencies were also recorded under the same losses. Jehan Chu, Co-founder of Kenetic Capital said: “This last drop was likely caused by a combination of profit-taking and also algorithmic trading compounding the swift fall”.