The price of bitcoin is down to start the day, dropping below $8,000 during early-hours trading on Thursday according to CoinDesk's Bitcoin Price Index (BPI).

At press time, the price of bitcoin is roughly $7,811.22 across global exchanges, a figure that represents a decline of over$300 from the day's open, and the lowest price observed on the index since Feb. 11, when the BPI hit a low of $7,845.13.

ETH is currently trading at around $619, down almost 9 percent over a 24 hour period by press time. The last time ETH had dipped below$600 was also on Feb. 6, a little over a month ago.

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