Bitcoin crashes 15% to below $8,000 for first time since June

From cnbc.com

Bitcoin plunged to its lowest level since June on Tuesday. The world’s most popular cryptocurrency fell as much as 15% to a low of $7,944.33, according to industry site CoinDesk. That marks bitcoin’s lowest level in four months, and first time below $8,000 since mid-June. Analysts pointed to a number of reasons for the dip, including the cryptocurrency breaking a key resistance level. Brian Kelly, CEO of BKCM, told CNBC that $9,000 was a “major support” level — when bitcoin broke broke below that, a “wave of selling” was triggered. The price plunge comes days after the Intercontinental Exchange, parent ... (full story)