Things are not looking all that great for the Bitcoin price as of right now. Although it is unclear where this sudden bearish pressure is coming from, the price is getting battered quite badly. Thanks to a 6% decline in the past few hours, the Bitcoin price has now dropped below $9,000 and is seemingly heading to $8,500 or potentially even lower. What is Happening to the Bitcoin Price? Cryptocurrency is an industry which often makes no sense at all. Due to the speculative nature of all of these currencies, any price momentum can send the markets in either directionPowered by WPeMatico