Bitcoin Drops Below 9K ; Reaches Lowest Point This Month

The price of bitcoin is currently at its lowest point within a 20-day period.
The biggest cryptocurrency on a global scale has continued its decline since Thursday up until Friday by approximately $500. The current value of bitcoin was placed at 8667.23 USD at press time. An increase has been recorded from 8,587 USD at UTC to 8667.23
The price drop was seemingly a déjà vu of Thursday’s descent which was recorded at around $9000 from $10,000. At a three-week price low, bitcoin is already down by 37% from its most recent high at $11,767 recorded last February 20.
Meanwhile, the cryptocurrency market cap has also been recorded at a monthly low at $352 billion, a 47% drop from its recent high of $518 billion based on data from February 18.

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