Bitcoin drops below $8,000 for the 2nd time in 3 days

LONDON — The price of bitcoin dropped back below $8,000 a coin on Monday morning amid persisting high volatility in the cryptocurrency markets.

Bitcoin initially dropped below $8,000 on Friday during a wild day of trading that saw the cryptocurrency drop by as much as 15%, to a low of $7,700, before jumping and eventually ending the day in positive territory, close to $9,000.

After a reasonably stable weekend of trading, bitcoin’s slump resumed Monday, falling to a low of $7,668 a coin overnight. As of 11.10 a.m. GMT (6.10 a.m. ET), bitcoin was hovering around the $7,700 mark, losing roughly 6% of its value, as the chart below shows: […]

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