The price of major cryptocurrencies continued its downward trend on Thursday, with Bitcoin falling 4% to seven-month lows as investors continued to sell off riskier assets due to persistent worries about high tech valuations and mounting uncertainty about the Federal Reserve’s rate-cutting path.
Bitcoin sank to a low near $80,000, while Ethereum slunk to $2,849 at the same time.
NN: The START of the tulip/bitcoin mania crash has just begun.