Bitcoin struggled to stay above $8,000 after plunging 20% ​​in a single week

According to the Global Forex News, bitcoin struggled to stay above $8,000 on Monday, after experiencing the worst weekly single-week price decline this year – the price of major cryptocurrency trades fell by about 20% in the past week. Just a week ago, bitcoin prices remained above $10,000, but have fallen by about 20% since then. According to CoinDesk, the cryptocurrency price is currently around $8020. In the past three months, this top cryptocurrency has fallen by about 34%. In June, Bitcoin broke through the $10,000 mark for the first time since the beginning of 2018. However, Bitcoin still rose 115% so far this year, much higher than the 2019 low of around $3,400 hit in January. BlockRoots co-founder and cryptocurrency trader Josh Rager said in a tweet on Sunday that if Bitcoin succeeded in stopping the decline and staying above $8,000, it could rebound by nearly 10%. In December last year, Bitcoin hit a 52-week low of $3,167. According to Coinmarketcap.com, bitcoin prices rose to a record high of nearly $20,000 at the end of 2017, and the current market value is about $144.6 billion.