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Another bear market? Bitcoin plunges nearly 10% in a day

From siliconangle.com

After a somewhat stable start to the year, the price of bitcoin plunged by nearly 10 percent in the last 24 hours in what may be a return to the bear market of 2018. Bitcoin, which had been trading in a band of $3,800 to the low $4,000s over the last week, dropped from $4,018.41 as of 1 a.m. EST to $3,614.14 by 10:15 p.m., slightly up from a daily low of $3,596.63. Other major cryptocurrencies declined further, with Ethereum, Litecoin and Bitcoin Cash all dropping more 16 percent at one point, according to Forbes. Nobody knows why for sure. Mati Greenspan, senior market analyst at eToro Inc., told CNBC that there ... (full story)

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  • Category: Fundamental Analysis