Bitcoin price broke down below the psychological level of $7,000 late on Monday. The cryptocurrency updated the December low after blockchain researcher Chainalysis said that PlusToken scammers were selling coins to cash out. Bitcoin Dragging Down Crypto Market At the time of writing, the cryptocurrency fell 3.11% in the last 24 hours, touching the daily low at $6,905. For most of the day, the bitcoin price was trading above $7,100. Altcoins tumbled as well, evenRead MoreThe post Bitcoin Price Dropped Below $7,000 Likely on PlusToken Dumpers appeared first on Bitcoinist.com.