Bitcoin’s haven claim is destroyed amid broad pummeling of riskier assets

in #bitcoin6 years ago

Bitcoin crashed through the support of $6,000. Then $5,000. And now $4,000.

The collapse in oil prices is pushing investors out of riskier assets. There is a global de-risking going on which also comprises the altnerative currency market.

Bitcoin's challenge comes from the fact that proponents of the technology bought all they could months ago. They simply are out of resources.

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now break $4000 support