Bitcoin Price Drops Below $8,000

After an incredible performance in April and May, the unprecedented Bitcoin rally lost some steam in June.

The BTC price has already dipped 6 percent this month with a looming possibility of another pullback.

While the market in the panic mode, some experts are certain that there is nothing abnormal about this 10 percent drop.

“It just got a little bit extended, this is a healthy retracement,” CoinFi’s Timothy Tam toldFortune.

At the time of writing, the BTC price is sitting at $8,011.11, according to CoinMarketCap data after dropping to $7,940.

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