Bitcoin (Bitcoin) surmounted the $8,000 level, topping out at $8,020 on Bitfinex before retreating to $7,900 Friday, CoinTelegraph reported.
Bitcoin crashed to a low of $5,617.69 after reaching a high of $7,800 last Friday.
At this price level, Bitcoin has already returned more than 700% since the start of the year.
One of Bitcoin’s closest rivals - Bitcoin Cash (Bitcoin.Cash), continued its decline from Thursday morning. The cryptocurrency is trading at $1,015.18, down 16.18% over the last 24 hours.
Ethereum (ETH/USD) prices have eased in the early part of the day, down 2.09% at $324.98.