Bitcoin fell below $ 8000 today, February 2, for the first time since november 2017

<img alt=" Graphic "src =" http://cointelegraph.com/storage/uploads/view/03ebb21cfef7ea854584b068228c7c67.png "title =" Chart "/>

D & # After Cointelegraph's price index, the BTC reached its lowest level in seven months of $ 7,791.02 at the time of going to press

<img alt=" Bitcoin Price "src =" http://cointelegraph.com/storage/uploads/view/c358bb456cfe8e817557979afe2666f7.png "title =" Bitcoin Price "/>

Support appears to be in place to keep prices above the barrier of $ 7,500, although commentators nevertheless call the lows close to $ 7,000 before a reversal can take place. losses also boosted coaching effects for altcoins in the top 100 followed by CoinMarketCap, the vast majority lost at least 50% more in the last 24 hours than Bitcoin itself.

In total, the cryptocurrency markets have lost more than 100 billion dollars since February 1st. While the markets seemed disinterested by the KYC legislation of the South Korean foreign exchange market that would come into effect this week, it is the comments of the Indian Minister of Finance on crypto in a speech on the budget of February 1 which accelerated the losses

The exchanges saying that the words of Finance Minister Arun Jaitley did not include any new information on how legislators approach the industry, mainstream media and reporters announced a "ban" on Bitcoin in India after the speech.

This had a palpable effect. despite the reiterations of the industry that no outright prohibition was foreseen.