Bitcoin price dropped by as much as 20% on Tuesday and that was the largest intraday drop since January 2018. The cryptocurrency fell as low as $7,944, before bouncing back to $8,500 later in the afternoon. It is currently trading at $8,597 and has stabilized above $8,500. Baktt’s Bitcoin Futures Contracts were launched this week and experts predicted a boost in Bitcoin Prices, however, the demand for the cryptocurrency dropped and a massive sell-off brought the price to $8,500.
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