Bitcoin plunges back below $8,000 level in cryptocurrency selloff

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Bitcoin plunges back below $8,000 level in cryptocurrency selloff
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Bitcoin remained sharply lower Friday after a rally that had taken it back above the $8,000 level this week appeared to suddenly run out of steam. One...

Bitcoin remained sharply lower Friday after a rally that had taken it back above the $8,000 level this week appeared to suddenly run out of steam. One bitcoin BTCUSD, -7.09% traded at $7,271.35, according to Coindesk data, down $477.74, or 6.2%, from its level late Thursday afternoon. Bitcoin plunged as low as $6,688.77 around 11 p.m. Eastern on Thursday.

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