Bitcoin lowers abruptly and suddenly – and now cryptos across the board are slammed

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Cryptocurrency prices suddenly collapsed and abruptly Wednesday morning, apparently without clear motivation

<p class = "canvas-atom canvas-text Mb (1.0 em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Having been constant at around $ 7.350 per coin during most trades during Asian and European morning hours, bitcoin lost more than $ 200 in minutes starting at 5:50 ET ET, or at 10:50 BST. "He took another leg down an hour later, dropping below the psychologically significant mark of $ 7,000. "data-reactid =" 30 "> Having remained constant at around $ 7,350 per coin during most trades during Asian and European morning hours, the bitcoi n lost more than $ 200 in minutes from 5:50 ET ET, or 10:50 BST. One hour later he lost another leg, dropping below the psychologically significant $ 7,000 mark.

At noon in London, or 7:00 ET, the largest market value for encryption was trading at $ 6,984 per coin, a 5.1% decline on day.

Bitcoin was the most obvious victim of sudden abrupt fall, but other great cryptocurrencies, including the ether, Ripple's XRP, and bitcoin money have declined even further. Here is the scoreboard:

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Although the drop is cause is not clear, a theory advanced by Tanya Abrosimova of FXStreet is that the introduction of a registration process for the popular instant bitcoin exchange ShapeShift may have scared some users and triggered at least one part of the decline. "data-reactid =" 38 "> Although the cause of the fall is not clear, a theory advanced by Tanya Abrosimova of FXStreet is that the introduction of a registration process for the exchange of popular instant bitcoin ShapeShift may have frightened some users and triggered at least a portion of the drop.

<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Also, a The report Business Insider Wednesday indicated that Goldman Sachs had shelved short-term plans for the launch of a bitcoin trading counter. "Data-reactid =" 39 "> In addition, a Business Insider report on Wednesday indicated that Goldman Sachs had set short-term plans for the launch of a bitcoin trading bank.

Wednesday's sale comes after several days of strong earnings for cryptocurrencies, despite the recent refusal by the US Securities and Exchange Commission of several funds traded on the stock exchange with bitcoins.

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