I think we should all just stop panicking.
There are many TA that says that bitcoin is heading for a correction if it falls below 8k.
But tbh, the bitcoin futures contracts closes today. And that is the reason for the price crash. They're trying to suppress the price in order to get a good price during the end of the day. After that, price should rise naturally
You mean like they did last time? If I remember correctly it only moved by about 10% after futures closed. I think the google ban is being used as part of the existing FUD around Mt. Gox. I do think we'll hit a bottom soon because there doesn't seem to have been significant enough news to cause this large dump.