RATE Group | Bitcoin Suddenly Dives Below $7,000 As Crypto Markets Lose Billions
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Bitcoin Suddenly Dives Below $7,000 As Crypto Markets Lose Billions

17 Dec Bitcoin Suddenly Dives Below $7,000 As Crypto Markets Lose Billions

Posted at 02:21h in Bitcoin News by

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Bitcoin and cryptocurrency markets were suddenly sold off today, 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.

The cause of the sudden sell-off was not immediately clear, however, analysts have noted a drop in crypto market trading volume recently.

“All is quiet on the crypto front. Perhaps, a little too quiet,” Mati Greenspan, the founder of bitcoin and crypto research outlet Quantum Economics wrote in a note ahead of the bitcoin sell-off…

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