Bitcoin just witnessed another significant drop, dropping all the way to $3,600.
Just when you thought it couldn't get any worse, it did.
Bitcoin has fallen another 15% and is again making new lows for the year.
The last time bitcoin traded at $3,600 was August 10th, 2017.
That means bitcoin is now trading at 15 month lows, though if you are invested in bitcoin, you likely already know how painful things have been.
Google searches for bitcoin continue to drop along with the price.
Basically telling us what we have known for months; people have mostly lost interest in bitcoin for some time now.
I would attribute much of the selling lately to what is going on in other financial markets.
If you haven't noticed, just about every risky asset and financial market has started selling off over the past few weeks.
The US stock markets are down close to 15% in the past few weeks, and oil was just recently over $82 and now it trades down around $54.
Oh and by the way, steem is now trading for $.33, giving it a market cap of under $100 million for the first time in almost 2 years.
Which means the selling is definitely not exclusive to bitcoin and the crypto markets.
Either way, hopefully the selling stops sometime here...
Stay informed my friends.
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