Bitcoin mania has been treated a potentially fatal blow today with the world's favorite speculative "active" that rushes to $ US12256, or 35 percent from record height.
In 24 hours, bitcoin has increased 28 percent. With the free fall in the afternoon after temporarily finding support around $ US13,000 this morning.
In nominal terms, the latest correction in bitcoin bull market rally is more than double previous decline, which means much larger nominal cash gains for those who are late for speculative frenzy.
Panic Selling Knocks Bitcoin Into Bear Market Fall
Bitcoin toppede på $ US19.666 fire dage siden, men den har indført en fuldt udbygget bear-market-korrektion med et tab på $ US4000 alene i dag efter at have styrt gennem tekniske supportniveauer.
Salget har accelereret, da den kortvarige prispræmie, der ses i bitcoin futures, tumbler, hvilket efterlader CME-futuresprisen i takt med bitcoin-spotprisen.
Read more: thewest.com
Thank you for reading!
Don't forget to upvote, resteem and follow me for more content & contest
Tradingview, https://www.tradingview.com/u/Tradewonk/
Instagram, https://www.instagram.com/tradewonk/
Or any of my other social media channels. Please consider getting your
free account here on Steemit.
"Join the adventure and be inspired." - Tradewonk