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Major cryptocurrencies crash more than 30% as 'fear, uncertainty, and doubt' grip the market

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Major cryptocurrencies crash more than 30% as 'fear, uncertainty, and doubt' grip the market

Postby MrFredPFL » Fri Dec 22, 2017 3:58 pm

Story : http://www.businessinsider.com/bitcoin-bitcoin-cash-ethereum-litecoin-crash-on-f





LONDON — Major cryptocurrencies around the world are selling off aggressively on Friday as the market is gripped by what one analyst described as "fear, uncertainty, and doubt."

The price of bitcoin crashed overnight with no apparent catalyst, with the general lack of liquidity in the market exacerbating that move and wiping as much as $4,600 off the cryptocurrency's value in early European trading.

Earlier in the week, bitcoin's price started to plunge after one of the founders of the influential website Bitcoin.com announced he would sell his stake in bitcoin.

"It's clear by now that the entire crypto market is in a massive retracement," Mati Greenspan, a senior market analyst at the trading platform eToro, said in an email.







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