Just as the European stock markets werre closing this morning, US Treasury bonds were suddenly aggressively bid (yields tumbled) and at the same time, Cryptocurrencies collapsed with Bitcoin crashing below $6,000 to its lowest since Oct 2017.
Well that escalated quickly…
Crashing it back to its lowest since Oct 2017…
There is no immediate catalyst for today’s crash but Cryptovest.com’s Christine Masters notes 5 recent factors acting on the price of Bitcoin:
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