For the second time in less than a week crypto markets have taken a massive dump. Led by Bitcoin as it collapsed below $8,000, markets have shed over $22 billion as altcoins get battered in another correction cycle. The question now is; how far will they drop this time?
A few hours ago Bitcoin plunged 8 percent from $8,600 to $7,950. It has remained just below $8k ever since and appears poised to fall further. Analysts have targeted the $8,200 zone as a key price level BTC needs to reach before the day is out to avoid further losses.