- Bitcoin dropped sharply, falling $500, or about 5%, in just over an hour.
- Other cryptocurrencies fell even more sharply, with ether and Ripple's XRP both losing about 12%.
- There does not appear to be a clear catalyst for the sell-off.
- You can track the price of bitcoin and all the other cryptocurrencies here.
The price of cryptocurrencies plunged across the board suddenly and sharply Wednesday morning, seemingly with no clear reason to do so.
Having been steady at around $7,350 per coin during most of trading during both Asian and European morning hours, around 5:50 a.m. ET (10:50 a.m. BST) bitcoin lost more than $200 in mere minutes. It took another leg down an hour later, falling below the psychologically significant $7,000 mark.
See the rest of the story at Business Insider
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from Business Insider https://ift.tt/2NksipM
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