BTC Below $7,500

Friday, May 17 —  after a week of deep green and bullish price performance, crypto markets today are seeing a major correction, with bitcoin (BTC) dropping below the $7,350 mark, as Coin360 data shows.

Bitcoin has taken a steep price hit, dropping 8% on the day to trade at $7,346 to press time. The top coin had brushed $8,300 yesterday, May 16 — a bullish price point not seen since August 2018.

Despite today’s major correction, bitcoin retains a strong gain of 16.61% on the week.

 

Source: https://cointelegraph.com

 

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