I have been following the price of bitcoin just about every day. It seems, however, that right now bitcoin is crashing quite a bit.
It has lost 7% today according to Coinbase, and has plummeted to $2360.57 at the time of this writing.
Coinbase is not the only place where it is plummeting. Btc-e also shows the same problem (As is expected in the cryptocurrency market).
If we look at the google search suggestions when we write, "Why is bitcoin", we see that the first three are positive, but that the bottom most one seems to be starting to gain popularity.
All of this is compounded in the fact that there is a crash in Ethereum:
And Litecoin.
As is seen, ethereum seems to be the hardest hit. Let's see if we can find any trends on poloniex with regards to the trade volume of a cryptocurrency and a change in it's price.
https://gyazo.com/37cb42e823fc4ef8d6a0eea70c290a27
As is seen, it seems that no such correlation exists. However, it is also problematic that many cryptocurrencies are losing value.
Even worse is that Steem Dollars are being hit,
but Steem is being hit even harder.
I hope that you all can see that today was not a good day in the cryptocurrency world. Hopefully the markets can recover over the next few days.
