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Bitcoin Price Slides Under $7,600

Bitcoin Price Slides Under $7,600 as Market Dips Below $300 Billion: Possible Reasons

Bitcoin Price


Bitcoin has fallen below the $7,600 mark for the first time since March 19. Earlier today, the price of bitcoin dropped to $7,530, after peaking at $8,150 less than 20 hours ago.

What Happens to the Market?

As CCN reported on March 27, it is unlikely that the market will recover in the short-term, or in the next few weeks. Several experts including bitcoin remittance company Abra CEO Bill Barhydt statedthat bitcoin will initiate a strong rally later this year, and all “hell will break loose as a result.”

“I talk to hedge funds, high net worth individuals, even commodity speculators. They look at the volatility in the crypto markets and they see it as a huge opportunity. Once that happens, all hell will break loose. Once the floodgates are opened, they’re opened,” said Barhydt.

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