RATE Group | Bitcoin price crash: Cryptocurrency market in mysterious meltdown as value suddenly drop…
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Bitcoin price crash: Cryptocurrency market in mysterious meltdown as value suddenly drop…

05 Sep Bitcoin price crash: Cryptocurrency market in mysterious meltdown as value suddenly drop…

Posted at 12:40h in Bitcoin News by

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Bitcoin and other major cryptocurrencies are crashing in an unexplained and dramatic market collapse. 

After weeks of steady gains, bitcoin dropped in price by more than $300 in the space of an hour on Wednesday morning, with ethereum, ripple and bitcoin cash all following its lead.

The reason for the sudden price crash is not immediately obvious, though some analysts have said panic selling could contribute to bitcoin’s fall in value.

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