According to data from CryptoCompare, at around 17:00 UTC on Thursday (January 2), Bitcoin fell below $7K:
As you can see form the one-month price chart shown below, this is the first time that Bitcoin has been below the $7,000 level since 18 December 2019:
Here is Jerry Robinson, economist, trader, and host of the “Follow the Money” podcast, putting in perspective Bitcoin’s fall to below the $7K level:
Bitcoin slips back below $7k as 2020 kicks off
(Oh well, its still up 9,000,000% over the last decade)
Watching $6500 support now pic.twitter.com/66f0CAHCMX
— Jerry Robinson (FollowtheMoney.com) (@FTMDaily) January 2, 2020
Earlier today, Chinese crypto trader Mia Tam pointed out that Bitcoin has reached a new all-time high:
Bitcoin hashrate reaches new ATH 🚀
2020 looks strong at the moment! pic.twitter.com/DSXKVIWGVu
— Mia Tam (@_blockandchain_) January 2, 2020
Featured Image Credit: Photo via Pexels.com
