well-nigh every cryptocurrency is down , most by double digit percents , according toCoin Market Cap . The crash seems drive by fear of looming regulations fromGermany , strict laws inSouth Korea , and an increasinginvolvementby the SEC . Reddit community radius / CryptoCurrency isdirectingUS - free-base community fellow member to the Suicide Hotline while scare ensues .
Researchers also found earlier this month that Bitcoin ’s $ 850 increment in terms during the Mt. Gox days was probably driven by a single mortal . With tons of venture capitalistsentering the flying field , those cost swings have grown more drastic — and those moneyed investor are unlikely to be the unity take a hitting today .
Bittrex name Bitcoin ’s 24 - hour low at $ 9,450 while Coinbase demo $ 9,969.01 around 5:33pm ET . On both exchanges , Bitcoin is now hovering just above those figures . Coinbase has previously showna willingness to stop tradingduring slump . It continue to be seen if speculators will be frozen out this time around .
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