https://www.marketwatch.com/story/no-letup-for-bitcoin-as-cryptocurrency-drops-further-below-9000-2018-02-02?siteid=yhoof2&yptr=yahoo
We've warned previously that bitcoin prices have not reached bottom yet.
https://sg-stock.blogspot.sg/2018/01/cryptocurrencies-have-crashed-but-have.html
Many investors are starting to face up to the reality that bitcoin is a big scam now. Recent investors have lost a lot of money in bitcoin and will start to lose confidence in bitcoin if the prices do not recover in the next few months. However, the upcoming G20 summit will put crypto regulations on the agenda and this will depress bitcoin prices further.
The huge fall in the stock market on Friday (yesterday) also put pressure on bitcoin investors because bitcoin market cannot get new buyers or investors.
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https://www.bloomberg.com/news/articles/2018-02-06/bitcoin-slumps-below-7-000-as-cryptos-hit-by-risk-asset-rout?utm_source=yahoo&utm_medium=bd&utm_campaign=headline&cmpId=yhoo.headline&yptr=yahoo
Bitcoin is around $6000 now and has not hit bottom yet.
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