Crypto news live: Market shock sees Bitcoin fall to less than $80,000 with fears of more pain to come
Fears are growing among Bitcoin investors on Friday after the cryptocurrency's price fell below the $80,000 threshold.
Bitcoin has now fallen by 25 per cent from its all-time high of almost $110,000 per coin, growing fears around the currency.
A bad week for the virtual currency has seen $1 trillion wiped from the combined market, according to reports in Forbes.
Bitcoin holders online have stated their determination to hold firm despite fears of a full-blown market crash.
Crypto expert Markus Thielen commented in an email to subscribers: 'Bitcoin follows a textbook ascending broadening wedge pattern, which projects a target price in the low $70,000s.'
Follow our live blog for the latest.
08:51 , Will Mata
Bitcoin remains under pressure on Friday after the cryptocurrency's price fell below the $80,000 threshold.
It means that the cryptocurrency has now fallen by 25 per cent from its all-time high of almost $110,000 per coin.
Crypto expert Markus Thielen has said that it could fall further.
In an email to subscribers, he wrote: 'Bitcoin follows a textbook ascending broadening wedge pattern, which projects a target price in the low $70,000s.'
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