Bitcoin Crashes Below $8,000 Briefly As Top Economist Calls It 'Mother Of All Bubbles'

Bitcoin undercut $8,000 for the first time in roughly three months Friday as a top economist slammed it as the biggest bubble in history and amid a broad sell-off that saw each of the 10 largest cryptocurrencies by market cap book sharp losses.

X Bitcoin fell to $7,695.10 — its lowest level in months — before paring losses to 4%, at $8,711.79, according to CoinDesk. Other top-10 alt-currencies took hits ranging from 5% to 20% early Friday.

Now Bitcoin crashing below 8000, headed...

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