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Bitcoin Dips Below $8,000 For The First Time In Nearly A Month

Ramsey Baker

Summary: Bitcoin reached its lowest level in nearly a month on Thursday, falling below $8,000, according to Bitpush Data. Jeff Dorman, the head of investment at asset manager Arca, told Bloomberg that the reason for cryptocurrency’s latest downturn is because “no new money is coming into the ecosystem.” Consumers have shifted their focus towards stocks, bonds ...

Bitcoin reached its lowest level in nearly a month on Thursday, falling below $8,000, according to Bitpush Data.

Jeff Dorman, the head of investment at asset manager Arca, told Bloomberg that the reason for cryptocurrency’s latest downturn is because “no new money is coming into the ecosystem.” Consumers have shifted their focus towards stocks, bonds and gold because they’re all up double-digits year-to-date, which has made the “world lose focus on this emerging asset class."

By Ramsey Baker

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Link: Bitcoin Dips Below $8,000 For The First Time In Nearly A Month   [Copy]
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