You have successfully emailed the post. A bull styrofoam figure is bitcoin prices plunge in front of the DAX board at the Frankfurt stock exchange September 16, 2008.
Bitcoin is selling off aggressively on Friday as investors cash out before Christmas. The sell-off has spread into other cryptocurrencies. Litecoin, ether, and bitcoin cash have seen losses of double-digit percentages. LONDON — Major cryptocurrencies around the world are selling off aggressively on Friday as the market is gripped by what one analyst described as “fear, uncertainty, and doubt. 4,600 off the cryptocurrency’s value in early European trading. Earlier in the week, bitcoin’s price started to plunge after one of the founders of the influential website Bitcoin. It started with a bit of profit taking, but it seems that the FUD” — fear, uncertainty, and doubt — “is now gripping the market,” Greenspan said.
While bitcoin’s drop was the first to accelerate, its fall has spilled into other major cryptocurrencies, with the likes of ether and bitcoin cash also seeing huge losses during Friday’s trading session. Timewise, we’re back to the levels last seen on December 13th. All in all, not too much damage so far, but the fear is certainly setting in with many, and there is a possibility to go further. Ether, a widely recognisable cryptocurrency powered by the Ethereum blockchain, is down by a similar margin. It’s hard to see the bell tolling just yet,” said Neil Wilson, an analyst at ETX Capital.