Today the European Union and the UK reached a deal on Brexit. Analysts observed that the price of bitcoin moved in accordance with the pound sterling (GBP), as it gained 1.3% against the US dollar. Earlier, the price of the leading cryptocurrency had reached below $8,00 and stayed there.\r\n\r\nToday marks a historic day as the European Union, and Britain reached a Brexit deal. Many experts and analysts had observed that political turmoil like Brexit and the US-China trade war had affected the price of bitcoin. The price of the bitcoin had earlier reached below $8,000 yesterday.\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nJeremy Corbyn Said The Deal Sounded \u201ceven Worse\u201d\r\nAt the time of writing, BTC is changing hands at $8,070. The Brexit deal still has to get approval from both the parliaments.\u00a0BBC reported\u00a0that Labour leader Jeremy Corbyn said the deal sounded \u201ceven worse\u201d than what was negotiated by the PM\u2019s predecessor, Theresa May, and \u201cshould be rejected\u201d by MPs.\r\n\r\nHowever, European Commission President Jean-Claude Juncker said that it was a \u201cfair and balanced agreement.\u201d Several analysts have predicted a bear market in the short term. John Bolinger, a well-known analyst, warned the crypto community of a BTC bear trap. And a BitMex top trader, AngeloBTC predicted that BTC is likely going to touch $6,000 in the short term.