The $9,000 to $10,000 price range has been a difficult one for bitcoin to break below since first topping $10,000 in late November.
Bitcoin dropped Thursday to trade below $9,000, a critical level of support that many analysts are watching. The decline followed reports that raised worries about increased regulation in India and potential price manipulation at a major exchange.
The drop came after comments from India's minister of finance, Arun Jaitley, that raised concerns about increased regulation on cryptocurrencies in the country
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!