3 KEY THINGS THE MAINSTREAM FINANCIAL MEDIA IS MISSING ABOUT BITCOIN.
Bitcoin and cryptocurrency markets have been suddenly sold off, with the bitcoin price losing around $200 per bitcoin in minutes and dipping under the psychological $7,000 mark once again—continuing a period of relative volatility for digital tokens. Bitcoin-rivals ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin were also heavily sold off, wiping billions of dollars from the combined cryptocurrency market capitalization. [Update: 9:10am EST 12/17/2019] Bitcoin, which yesterday dropped by 3.5%, has moved lower again, dropping over 5% since this time yesterday and trading as low as $6,708 per bitcoin on the Luxembourg-based Bitstamp exchange after briefly recovering ground overnight. Altcoins ethereum, Ripple's XRP, bitcoin cash, litecoin, EOS and binance coin were last seen down between 7% and 11% and look to be heading lower.
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