Crypto market small gains reversed; BTC dips below $8,000

Оригинал: https://coingeek.com/crypto-market-small-gains-reversed-btc-dips-8000/

The cryptocurrency markets reversed the small gains made on Thursday and continued descending with all major coins showing declines over the past 24 hours. BTC continued dropping and was below the $8,000 mark at press time—a psychologically significant development that could see a precipitous drop across all digital currencies. The much‐vaunted Consensus Conference appeared to be nothing less than a damp squib and was actually detrimental to the market with steep falls seen across the values of all currencies.

Bitcoin Cash also saw a rather precipitous decline, falling below the $1200 mark to trade at around $1,195 although there were signs that it could bounce back from this monthly low. The recently announced BCH fork is definitely leading the way with a quadrupling of block size that also indicates huge possibilities for this currency and this can only make its value grow long term. Bitcoin Cash is trading at $1,200 at press time.

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