Bitcoin Market Wrap Up 5/10-5/17: BTC Plunges, Ripple Still Down, EAC Up

Bitcoin Market Wrap Up 5/10-5/17: BTC Plunges, Ripple Still Down, EAC Up

Since last week’s Market Wrap Up, Bitcoin has taken a dive in price, dipping 2.25% from a high of around $244 to $236.50 as of press time. Compared to the mid-week update over on BTC.com, the change is much more sudden as the plunge from $244 to $236 occurred in the later hours of May 13. There seems to be no bad “seed” of news that whales could be using to manipulate the price. However, Bitcoin does not take a nosedive without a reason; chatter on social media channels are hinting at “calm before the storm” scenarios, with this price dive serving as a last-minute opportunity to accumulate....


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