Bitcoin (BTC) saw some strong trading on Sunday, which allowed it to recover most of the losses it had incurred earlier in the week. BTC had suffered a steep drop on Friday, with its price hitting a four-day low of $7,038.12, before finishing the day at $7,343.90. The coin then spent the entirety of the Saturday session trading within the $7,250-$7,450 range and eventually posted a close in the lower end of that range.

Sunday rebound

The opening hours of yesterday’s trading saw Bitcoin regaining its momentum, with its price rising toward the $8,000 mark. The coin kept hovering around $8,000 throughout the session and was able to secure a close above that level thanks to a late uptick. BTC finished the Sunday session at $8,197.69, well above its opening level of $7,267.96.

However, Bitcoin has once again failed to defend the $8,000 mark, falling to as low as $7,923.32 in the opening hours of today’s session. At the time of writing, the Bitcoin price was hovering around the $7,960 mark, according to data from digital currency…

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Source: https://thebitcoinnews.com/bitcoin-price-btc-usd-recovers-from-friday-drop-but-8000-remains-a-challenge/