Bloody Crypto-Tuesday: Bitcoin Drops $1,500 in 24 Hours: is the Next Support Line $7,500?

Еhe BTC rate rapidly fell from $9,800 to $8,150 in less than a day for the first time in several months.

Bitcoin 24 hour rate chart. Source: Coin360

The chart looks horrific, the asset lost $800 in just a few minutes, which caused a real panic in the market. At the time of publication, BTC is trading at $8,300 per coin.

According to the well-known expert Crypto Michaël, the asset rushes to the next price zone at the level of $7500. He wrote about this in his Twitter account.

At the time of this writing, Bitcoin seems to have stabilized around $8,300.

The total cryptocurrency market is about 220 billion US dollars at the time of publication. This value decreased by approximately 22 billion dollars on Tuesday. Bitcoin’s dominance is 68.9%.

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