Falling by 25% week-by-week, bitcoin runs the risk of repeating its worst result since April 2013. Today’s selloff gained momentum, when prices neared a 10-week low at $8100. Depreciation can continue – this is indicated by technical analysis.

Dropping below the psychological level of $9 000, the price of bitcoin fell to $8 056 11:39 UTC. This is the lowest level since 25 November last year. According to OnChinaFX, the last day of the largest cryptocurrency has lost 14%.

In addition, it is worth noting that the price of BTC on the Korean Stock Exchanges are now traded at a discount relative to the prices of foreign exchanges. For example, BTC resold for $8 227 on the stock exchange GDAX and Bithumb – $7 960. As a result, prices on the Korean stock exchanges have a discount of more than $250.

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