Bitcoin – The Meltdown Continues

Bitcoin fell by 2.16% on Friday, following on from a 5.13% slide on Thursday, to end the day at $3,281.7.

It’s been a tough week, month and year for the Bitcoin bulls, with Bitcoin down 6.4% for the current week, 18.7% for the current month and a whopping 76.2% for the current year. If you take the peak, the bulls are down 83.5%.

In the words of Isaac Newton, ‘what goes up must come down’ and nothing has proven Isaac Newton’s theory more than the cryptomarket.

It wasn’t long ago when even the likes of George Soros, well a long time ago in crypto months, publicly announced an interest in investing in the cryptomarket. The April comments may have been considered, by some at least, as late April foods day humour.

After all, it was just a few months earlier that Soros, along with other leaders of the financial world, lambasted Bitcoin and the market in general.

Let’s not forget JPMorgan Chase CEO Jamie Dimon, who made plenty of headlines following some particularly critical…