Bitcoin Price Falls Below $ 7,500

According to Coin360, on Wednesday, October 23, the BTC price fell from $ 7,950 to $ 7,450 in just five minutes.

And although the reasonthe decline in the asset price is not yet clear, such a sharpThe spike marks the end of BTC's period of low volatility. At the moment, the asset is trading at the low level of mid-May, just below $7,500. 

Recall that on September 24, the price of BTC fell belowmarks $ 10,000 and has since tried to recover. However, now a strong bearish momentum was pushing it below $ 8,000. It is worth noting that an hour before the recession on the BitMEX exchange, $ 201.1 million longs were eliminated.

Based on materialscointelegraph.com