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Bitcoin hammered again
Late yesterday evening an update here noted how Bitcoin had been hit hard in weekend trading. Well, it has been hit even harder again since then. BTC has just crumbled towards 50k for the same reasons as mentioned in that earlier update. The fall below a previous interim low set July 5, at 53,602 has tripped yet more stops it seems and that has taken the price down to a low so far at 51,343 and it is not much above that low right now. Obviously a potential fall below 50k is clearly on the cards right now. Bitcoin is currently trading at 51,540
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