Share this article
Bitcoin Drops Below $8K Amid Crypto Market Slide
Bitcoin's price is back below $8,000, a move that comes amid a broader decline in the global cryptocurrency market.
Updated Sep 14, 2021, 1:54 p.m. Published Mar 26, 2018, 6:10 p.m.
Bitcoin's price is back below $8,000, a move that comes amid a broader decline in the global cryptocurrency market.
After opening at nearly $8,500, according to CoinDesk's Bitcoin Price Index (BPI), the price of the world's largest cryptocurrency by market capitalization had fallen more than $500 to 7,876.68 by 17:30 UTC.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As of press time, the cryptocurrency's price was hovering at $7,940.07, per BPI data.
For the month of March, that $8,000 level has proven to be a key battleground on the trading front, having fallen below it several times since February. Technical analysis suggested that a price drop was potentially in the cards, though a 4-hour 50-MA plotted this morning predicted that a decline would not slide below $8,200.
Other cryptocurrency markets are feeling the pressure during Monday's trading session as well. According to CoinMarketCap, the overall market capitalization is at $301 billion.
Additional information published by cryptocurrency information provider OnChainFX shows that all of the top-10 cryptocurrencies by market capitalization are down today.
Bitcoin image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
XRP slumps as bitcoin once again falls back to $85,000 level after surge
Crypto markets swung sharply Thursday following a softer-than-expected U.S. CPI print, which briefly lifted bitcoin above $89,000 during U.S. hours.
What to know:
- XRP declined 1.2% amid high trading volume, indicating significant market activity despite price struggles.
- The cryptocurrency remains under pressure, failing to surpass the critical $2.00 level, which is seen as a key inflection point.
- Elevated trading volume without sustained price gains suggests distribution rather than panic-driven selling.
Top Stories
