Crypto Market Turns Bearish Again

Enter The Crypto > Alt Coin > Crypto Market Turns Bearish Again

The crypto market has again turned bearish over the past couple of days with Bitcoin dropping from over $7,600 on Saturday 9 June to its current price of just over $6,700 – a drop of almost $1000 in 48 hours. There were similar drops for all top crypto currencies.

 

Bitcoin Chart

 

Reports all over social media are putting the latest drop down to the South Korean exchange Coin Rail being hacked. Whilst this may have had an impact, we believe that this is not the sole reason; the drop is too big to be put down to a hack on a relatively small exchange. Low trading volume is likely to have played a significant part.

 

Be sure to subscribe to our FREE email alerts below. You can unsubscribe quickly if you get fed up of us.

 

We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.

 

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *