Bitcoin price drops below $8,000 for first time since November 24 The volatile digital asset fell as low as $7,695.10, according to Coinbase data.
A number of critics have railed against cryptocurrencies like bitcoin, citing extreme price swings and worries of dubious activities associated with the crypto world.
Bitcoin's price dipped below $8,000 for the first time in 11 weeks in the midst of a broader cryptocurrency sell-off.
The volatile digital asset fell as low as $7,695.10 on Friday according to CoinDesk, marking the first time it has fallen below the $8,000 level since November 24. CoinDesk's bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
The price of bitcoin recovered to $8,618 mid-Friday morning New York time.
