Bitcoin Leads $13 Billion Cryptocurrency Wipeout as Prices Fall Significantly

After weeks of sideways trading, Bitcoin experienced a sudden drop in the early hours of Thursday, falling by more than $400 in less than an hour. This decline comes after different analysts predicted an imminent price breakout for the top-ranked cryptocurrency.

Stock Traders Dumping Bitcoin to Offset Losses on Traditional Asset Portfolios

The leading theory making the rounds on Twitter is that Asian traders instigated the price drop. According to many analysts, Japanese day traders were forced into selling their Bitcoin to pay for substantial margin calls in the stock market.

Indeed, Asian markets are experiencing similar declines to that seen recently on…

Read Full Story : Live Bitcoin News

2018-10-11 16:30:40

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