Bitcoin's Price Is Below $7K And Hodlers Aren't So Happy About It

The price of bitcoin hit a two-month low over the weekend - and social media is alight with speculation about it.

While pundits don't quite agree on the circumstances behind the plunge, what's clear is that the price move has acted as a kind of social thunderbolt for the community, spurring commentary from all sides.

As another observer pointed out, it's not just bitcoin that felt the heat this weekend - many of the world's largest cryptocurrencies by market capitalization saw downward price moves.

The efforts at levity amidst the market tumble were seen elsewhere.

Cryptocurrency reporter Joseph Young contrasted the viewpoints of an office worker on Monday eager for Friday to arrive with a crypto trader going through the price headwinds.

Monday at normal job: tired, can't wait till Friday.

Some observers are still calling for the "Moon" - even though this weekend's price moves may slow that process a bit.

Keep calm and relax... Are you bearish? I am not!The moon please :)#BTC #XRP pic.

I have this support holding for a bit for #BTC #Bitcoin - but any rally in the coming week or two should be seen as a shorting opportunity.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.