Bitcoin Going To the Deep of $6,000 And The Market Star Pumping In The Leverage Broken Way

in #bitcoin7 years ago

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The market itself is way over leveraged, The latest example is an obscure security, which was designed to be a bet on a calm market, that's being blamed for causing an influx of selling in recent days The market has become a much more dangerous place The stock market entered its third day of huge sell-offs and volatility on Tuesday. It has now become a meme and is often used in times of extreme volatility in the cryptocurrency market for people holding rather than selling. Cryptocurrencies have seen a major sell-off in the last few days. Bitcoin fell below $6,000 for the first time since mid-November on Tuesday. Over $550 billion wiped off cryptocurrencies since record high just under a month ago Bitcoin is still significantly higher on the year but down sharply since it recorded an all-time high of $19,783.21 in December. Other worries are plaguing the digital currency market, particularly around a cryptocurrency called tether

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