Bitcoin bloodshed continues as price drops below $8,000 | City & Business

Bitcoin is dropping like a stone (Image: Getty) Bitcoin’s own value loss in that time exceeds $2,000 as it fell from above the $10,000 line it had managed to cling to for several weeks after failing to breach $14,000 in the height of summer. Some relief over what has the potential to be a tumultuous week may come from the calculations of the 50 exponential moving average (EMA) indicating support to prop bitcoin up at around $7,850. For many long-term traders in the ten-year-old digital asset, th…

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