Speaking with Daniela Cambone of Stansberry Research, the CEO of Online Blockchain Clem Chambers discussed whether the worst was over for Bitcoin’s price. Chambers said: 

Chambers pointed out that things may turn around ‘by some miracle’ if nothing else goes wrong, but he warned that Bitcoin’s price could quickly drop “[Bitcoin] goes up like a rocket, and down like a rock.”

“If the dominoes [exchanges] are going to start falling one after the other then I you could easily see Bitcoin down at $7,000 or $8,000 .”