Today Bitcoin under $6500; Ripple under 53 cents. Is it time to open up your Bitcoin wallet?
“Bitcoin extended losses, bringing its four-session slide to as much as 20 percent, as questions mount about whether the world’s biggest cryptocurrency was manipulated during last year’s record price surge.
After rallying more than 1,400 percent in 2017 amid an investor frenzy for digital assets, Bitcoin is down almost 70 percent to around $6,238 as of 4:37 p.m. in New York, from its record high of $19,511 set in December. It traded at a few cents after being launched in 2009.
“Things have changed for Bitcoin and the crypto space,” said Craig Erlam, senior market analyst at online trading firm Oanda Corp. in London. “There doesn’t seem to be as much hype, or positive news. Every time we get a negative news story now — after a period of consolidation — we don’t see bullish sentiment come in to support it. It’s almost as if people are waiting to sell it.”
Just before midday today (NZ time):
Do you make Crypto assumption
Without showing any gumption
When you try to ASSUME you see
You make an ASS of U and ME
Assuming Bitcoin resumption
24 May 2018
Daily prompt: Assumption