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Why is the Bitcoin price getting smashed?
The Bitcoin price is taking another tumble today. The world's first and biggest crypto has been under steady selling pressure since notching new record highs in early October. At the time of writing on Monday morning, Bitcoin is trading for US$93,701, down 1.9% since this time yesterday. This sees the token commanding a current market cap of US$1.86 trillion. While that's still an eye-popping valuation, the Bitcoin price is now down a painful 25.4% since hitting an all-time high of US$126,198 on 7 October, according to data from CoinMarketCap. And it sees the token's 12-month gains pared down to 3.5%, slightly ... (full story)
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