Why did Bitcoin crash again today? Experts explain

By: Rakesh Sharma

After weeks of mostly sideways movement, Bitcoin price sprang to life this morning, The original cryptocurrency’s price tumbled, dragging the rest of the crypto market along with it, and leaving a sea of red in its wake. 

While it has baffled commentators, Bitcoin’s latest price movement is further proof that the cryptocurrency is not beholden to predictive indicators used in conventional analysis.

The latest trough in prices has occurred in spite of positive developments throughout the industry, whether it is the entry of Facebook’s Libra, anticipation over next year’s halvening event, or tamping down on the regulatory.

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