Bitcoin breaks $7,000
Unfortunately this time it was to the downside.
This has been pretty terrible price action just about ever since the Winklevoss ETF application got rejected by the SEC:
(Source: https://www.ccn.com/bitcoin-price-dips-to-6950-despite-crypto-foray-by-nyse-and-starbucks/)
What makes it especially troublesome today is the fact that ICE came out and said they are launching physically settled bitcoin futures, building a crypto exchange, and getting bitcoin accepted at more retailers with a partnership with Starbucks.
Ouch.
Has anyone seen my money? Oh ya, it is down the drain 😩😩😩
At least you can vote your way back some of it. :)
crypto market . now check your holding power
I will ride the ship down at this point to be honest.
Probably short sellers trying to take advantage of the thin trading volumes over the weekend.
Could be. They are leaning on it now that the Winklevoss news came out. I strongly dislike short sellers.
The Starbucks story is starting to unravel which might be contributing a bit.
Unravel in what way?