BTC Diving Again.. Market Responding to News or Bitcoin Whales at play?

getFIFO
getFIFO
Sep 6, 2018 · 1 min read

Cryptocurrencies, dropped again overnight for the second time in less than 24 hours, sinking down to a nine-month low. Many believe this is driven by concerns that the adoption of digital assets by the wider community will be a longer process, fuelled by rumours the Goldman Sachs Group Inc was scaling back on plan to set up a crypto trading desk. The Crypto community are looking closely at the next support levels, believed to be $6,000 and $5,000 for Bitcoin. Cryptocurrencies are here to stay but the influx of new users to support volume could be delayed, as users embrace the introduction policies and a regulatory environment.


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