Bitcoin falls to a 3 month low
Bitcoin is boring now, which means this is the perfect time to buy
Bitcoin is the world's largest digital currency and has been all over the news lately for all sorts of reasons. If you ever want to know the power of a “tweet”, look no further. Elon Musk’s tweets have led to a dramatic plunge in bitcoin prices over the past week or so.
Musk initially tweeted that he was suspending bitcoin payment for Tesla cars due to environmental concerns caused by bitcoin mining. Remember, the same guy bought $1.5 billion worth of bitcoin just in February this year and sent the bitcoin prices to an all-time high of over $63,000 USD.
It’s the stranglehold of a few very powerful and influential people that can lead to huge volatility in the crypto market that's a huge concern. They can make or break the crypto market by the position they take and letting the world know of their views by sharing on social media.
Soon after, a whole heap of negative news has left all major cryptocurrencies falling down.
Global news leading to bitcoin steep falls
Indian banks crackdown on bitcoin — Indian central bank is discouraging banks to deal with crypto exchanges and is not comfortable with the highly volatile nature of the…
