The bitcoin price slipped back below the $8,000 mark on Monday, reversing the recovery that it had made heading into the weekend.
Bitcoin entered the day trading above $8,100, a mark it largely held until shortly after 17:30 UTC when — after flirting with that level for approximately 20 minutes — BTC/USD experienced a sudden drop below $8,000. The bitcoin price continued to decline from there, ultimately falling as far as $7,861 on Bitfinex as of the time of writing.