7 Reasons Cryptocurrencies Could Have Further to Fall

From lcg.com

The price of Bitcoin has plunged by over a quarter in the past week. Tuesday (Nov 20th) saw bitcoin drop another 7% to below $4500, as it extended 14% losses from Monday. The most well-known crypto currency is trading at a one-year low. While it has been a rough period for long term holders, the volatility has been a bonus for crypto traders willing to trade short. The recent price action represents a 77% decline from Bitcoin’s December peak at $19,511. That is a bubble popping personified. As the price was running up in 2017, there was clear Europhobia above-and-beyond the fundamental benefits of digital ... (full story)