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Why bitcoin prices are staging a fresh collapse
The pace of the decline suggests there is little new money entering the industry, analyst says
On Wednesday, bitcoin, the world’s most famous digital currency, plummeted more than 10%, crashing through $6,000 and trading to its lowest level since October 2017.
By the end of the session bitcoin BTCUSD, +0.59% closed down 11.6%, the third-largest decline of 2018, only topped by the 16.5% fall on Jan. 16 and a 15.5% slide on Feb. 5, according to Dow Jones Market Data.
Even bitcoin guru and early adopter Barry Silbert, who said in July, that bitcoin wouldn’t make a new low in 2018, was stunned, summing up the move in one word: Capitulation
...
https://www.marketwatch.com/story/why-bi...2018-11-15
The pace of the decline suggests there is little new money entering the industry, analyst says
On Wednesday, bitcoin, the world’s most famous digital currency, plummeted more than 10%, crashing through $6,000 and trading to its lowest level since October 2017.
By the end of the session bitcoin BTCUSD, +0.59% closed down 11.6%, the third-largest decline of 2018, only topped by the 16.5% fall on Jan. 16 and a 15.5% slide on Feb. 5, according to Dow Jones Market Data.
Even bitcoin guru and early adopter Barry Silbert, who said in July, that bitcoin wouldn’t make a new low in 2018, was stunned, summing up the move in one word: Capitulation
...
https://www.marketwatch.com/story/why-bi...2018-11-15
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