Bitcoin Sets New Low over Weekend, Continues Dropping on Monday

Over the weekend, Bitcoin continued its downwards tailspin due to weak buying volume, and many of the cryptocurrency market’s losses have stretched into Monday. The persisting market decline is now leading traders and investors alike to question how low the markets will go before they hit a bottom.
At the time of writing, Bitcoin is trading up 1% at its current price of $3,800. Over this past weekend, Bitcoin set a new yearly low at approximately $3,500, from which it temporarily recovered