NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Bitcoin Taps $8,000 as Violent Sell-Off Rocks S&P 500 Futures & Oil

Nick Chong
Nick Chong
1 year ago
1 min read
crypto bitcoin tidbits

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It seems that bulls can’t catch a break. Bitcoin just minutes ago tapped $8,000 (per data from TradingView), bringing its 36-hour performance to a dismal -13%, having peaked at $9,200 on Saturday.

This latest leg lower comes after the cryptocurrency attempted to stabilize above $8,300 ahead of the weekly close, though this was done to no avail.

Bitcoin’s brutal drop comes as global markets have entered a period of dramatic volatility, or what some would say is chaos.

Case in point: ahead of Monday’s open, the futures of global equities are looking extremely bearish; crude oil futures are down 30%, gold is up to $1,700, the Dow Jones and S&P 500 futures are looking poised to open 5% down when Monday morning rolls around.

It appears that there’s a global crunch in all assets, save for gold and Treasuries, which are appreciating as fears of a recession (and potentially something wore) roll over markets.

Bitcoin At Key Level

With this move, Bitcoin has entered key bounce territory; analyst CryptoHamster noted that with the recent move lower, the price of the leading cryptocurrency has tapped the bottom of a descending channel the asset has traded in since the $10,600 peak seen in mid-February. The cryptocurrency falling below the support could open the door for a stronger drop.

The channel support test. #bitcoin $BTC $BTCUSD pic.twitter.com/wBLLRdGYz2

— CryptoHamster (@CryptoHamsterIO) March 8, 2020

Featured Image from Shutterstock
Tweet123Share218ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Mystery box Ronaldo

Mystery Box Ronaldo – gdzie znaleźć pudełka z gadżetami CR7?

Cristiano Ronaldo to jeden z najbardziej rozpoznawalnych sportowców na świecie. Fenomen CR7 wykracza daleko poza piłkę nożną. Portugalczyk jest globalną...

News BTC 1 hour ago
Dogecoin iki $4? Maxi Doge gali ten patekti pirmasis skubėdamas link $2 mln.

Dogecoin iki $4? Maxi Doge gali ten patekti pirmasis skubėdamas link $2 mln.

Dogecoin (DOGE) turi drąsią $4 kainos prognozę, nors dar nėra perkopęs net $1 ribos. Tačiau dar prieš tai atsirado naujas...

Tomas Jankūnas 2 hours ago
Bitcoin

Tighter Premiums Put Crypto Treasuries On Risky Road, According To NYDIG

Wall Street’s appetite for companies holding Bitcoin on their balance sheets is cooling, and investors are starting to show it,...

Christian Encila 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Fidelity Launches New Tokenized Fund as Market Nears $300B: Why Are Traders Joining Best Wallet Token?

Aaron Walker 27 minutes ago

Ethereum Dominates Trading Volume Despite Market Cool-Off – Details

Sebastian Villafuerte 39 minutes ago
bitcoin-100k-stress-traders

Bitcoin à 100 000 $ : le stress monte chez les traders

guillaumev 40 minutes ago

Premium Sponsors

Press Releases

  • miner

    XRP is in a downward trend. LET Mining helps XRP holders...

    40 minutes ago
  • イーサリアム 今後:現物市場の弱さにもかかわらず

    イーサリアム...

    2 hours ago
  • 30日間の価格予測、レンジ相場と増大する不確実性

    ビットコイン...

    2 hours ago
  • 市場の停滞と、投資家が注目する新興ミームコイン

    シバコイン...

    2 hours ago
  • パイネットワーク...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.