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$8000: Trader Warns of Bitcoin Price Crash as Crypto Bloodbath Continues

$8,000: Trader Fears Bitcoin Price Crash as Crypto Bloodbath Continues

Following an abrupt drop from $10,277 to $9,700 in the bitcoin price on August 28, the dominant crypto asset has continued to demonstrate weakness in its short term trend. In the past 12 hours, the bitcoin price has declined from $9,750 to $9,320 across major crypto exchanges including Bitstamp and BitMEX.