Why Bitcoin Crashed Today,.??

in #btc6 years ago

Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.

Nevertheless, here are a few reasons why we think Bitcoin crashed earlier today.

Miners

The Bitcoin mining economy is in a little bit of a crisis.

The stock market crash

In the beginning, Bitcoin was initially seen as a hedge against the risk of the stock market since its price movements seemed to almost ‘defy gravity’. But with the slide of the Dow Jones Index by a thousand points, within days saw rekindled fears for the traditional world of finances.

Mainstream markets are still lacking exuberance and a need for investments.

What are your thoughts? What do you think caused the markets to crash today?

References

CryptoVest

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