The cryptocurrency dropped to as low as $8,155 at 0915 GMT on the Luxembourg-based bitstamp exchange amid a broader rout in the market. Other large cryptocurrencies have lost more than 20 percent of their value in the last 24 hours of trading, according to Coinmarketcap.com.
Also read: Nokia 8 Sirocco to be Launched at MWC 2018
A growing regulatory backlash against digital coins has sent investors scrambling to sell this week. Bitcoin is down more than half from a December peak of almost $20,000 after it notched up a more than 1,000 percent gain last year.
Just on Thursday, Bitcoin had suffered another drop in its value, as a Facebook ban on cryptocurrency adverts and a growing regulatory backlash against the nascent market frightened investors.
Watch: Smartron t.phone P Review | A Tough Budget Player With a Massive Battery