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Why Bitcoin and Alts crashed?
The price of all major cryptocurrencies came crashing down on Tuesday (6/2/18), following a steady dip from the start of the year.
Bitcoin fell from $18,000 to around $6,000 in a month, while Ethereum also lost a large portion of its value.
The mini-crash has caused cryptocurrency investors to worry about the future of their holdings and speculate as to the cause of this steady decline.
The cryptocurrency market is still valued far higher than it was six months ago, however, and new investors are the most affected by the falling value.
While the cryptocurrency market is inherently volatile and difficult to predict, there are numerous theories circulating online about the recent crash.
From worried investors to market analysts, interested parties have posited their ideas – including market manipulation, regulatory concern, and panicking investors.
General Panic
General panic
Cryptocurrency’s volatility and its unregulated nature can also res
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