Why bitcoin price cratered
There is a corollary to this principle in the securities markets.
Bitcoin price ran up to 13,000 in june and then fell back to 10,000.
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Heres why bitcoin price cratered after smashing beyond 13,000bitcoin was about to break out to a new high on wednesday at 13,200, but then suddenly sold off 10 percent in about 90 minutes.
The price of bitcoin dropped another 10 percent tuesday, extending a decline that has sent the virtual currency down 33 percent in the past month and 46 percent in the past year.
Bitcoin was about to break out to a new high on wednesday at 13,200, but then suddenly sold off 10 percent in about 90 minutes.